Inflation ( CCPI)35.3% (April 2023)
GDP-12.4% (4Q 2022)
Unemployment4.8% (4Q 2022)
3M T-Bill Rate25.60%
12M T-Bill Rate22.97%
2Y T-Bond Rate29.25%/ 30.00%
4Y T-Bond Rate27.25% / 27.35%
USD/LKR297/298
Reserves $2.75Bn (April 2023)
Cum. Trade Deficit $862Mn (March 2023)
Cum. Fiscal DeficitLKR 2,300 Bn (Dec 2022)

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
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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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