Dollar-denominated Sri Lanka international Sovereign Bond lost the ground April and May as bond default loomed due to the rapid deterioration of foreign currency inflow to the country. Controlling imports and the negotiation of bilateral credits have given a fresh hope to the bondholders as pressure on the LKR easing off and CBSL managed to become a net buyer of FX last month. CBSL was successful in attracting sufficient investors for recent SLDB auction after five-month indicates momentum may start shifting towards buying ISB of SL soon.
Sri Lanka international Sovereign Bond are gaining as yields starts falling
Interest RatesJul 2, 2020