Inflation ( CCPI)1.7% (June 2024)
GDP5.3% (1Q 2024)
Unemployment4.3% (4Q 2023)
3M T-Bill Rate9.14%
12M T-Bill Rate9.95%
2Y T-Bond Rate10.10%/ 10.20%
4Y T-Bond Rate11.60% / 11.70%
USD/LKR303/304
Reserves $5.6Bn (June 2024)
Cum. Trade Deficit $2,180 Mn (May 2024 cumulative)
Cum. Fiscal DeficitLKR 361Bn (April 2024)

The price of the Sri Lanka ISBs gained after country avert the debt default fear

Interest RatesAug 2, 2021
The price of the Sri Lanka ISBs gained after country avert the debt default fear
Sri Lanka settled the USD 1Bn ISB last week which meltdown the debt default fear up to some extent. The prices of ISBs of Sri Lanka plunged and yield rose to record high before the settlement but thereafter the pressure on ISB yields have eased off. Still the yields of Sri Lanka USD denominated debts are relatively at higher level compared to peers.

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