Inflation ( CCPI)1.5% (Oct 2023)
GDP-3.1% (2Q 2023)
Unemployment5.2% (2Q 2023)
3M T-Bill Rate15.29%
12M T-Bill Rate12.94%
2Y T-Bond Rate14.45%/ 14.50%
4Y T-Bond Rate14.70% / 14.80%
USD/LKR327/328
Reserves $3.56Bn (Oct 2023)
Cum. Trade Deficit $3,307 Mn (Sep 2023 cumulative)
Cum. Fiscal DeficitLKR 1,614 Bn (Sep 2023)

Sri Lanka Sovereign Bonds are gaining after lost its value by one third in April - May

Interest RatesSep 4, 2020
Sri Lanka Sovereign Bonds are gaining after lost its value by one third in April - May
Sri Lanka has issued USD 15.5Bn worth of ISBs to finance the deficit. After the deterioration of the foreign currency inflows due to COVID, the yields of the ISBs hit skyrocket in March and May in the foreign exchange where the bond is trading. Very low liquidity also played a significant role to increase the yields over 90% for shorter end bonds. But the yields of ISBs are continuously coming down since the end of May, but still at a deep discount compared with the level it was trading before.

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