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 bond yield gains as pressure of default eases off

Interest RatesJun 14, 2020
Sri Lanka sovereign bond yield gains as pressure of default eases off
Sri Lanka has issued USD 15Bn sovereign bonds and USD 1Bn is maturing in October this year. Due to the negative impact on foreign currency inflow to the country after COVID19 hit the main FX flow to the country, Sri Lanka International sovereign bond yields skyrocketed in the first week of April assuming possible default and it accelerated due to the very low liquidity. But the current ISBs yields indicate the default pressure is easing off.

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