Inflation ( CCPI)25.2% (May 2023)
GDP-12.4% (4Q 2022)
Unemployment4.8% (4Q 2022)
3M T-Bill Rate25.65%
12M T-Bill Rate22.91%
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 $1,443Mn (April 2023 cumulative)
Cum. Fiscal DeficitLKR 2,300 Bn (Dec 2022)

Sri Lanka International Sovereign Bond yields are rising again

Interest RatesMay 18, 2020
Sri Lanka International Sovereign Bond yields are rising again
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Secondary market yields of Sri Lanka’s International Sovereign Bonds (ISBs) have risen alarmingly since the country identifies the 1st COVID-19 local case. The market expects the country will find it difficult to finance foreign country outflow for Bond payments for the rest of the period. SL heavily depends on tourism, worker remittances, and exports to the west for foreign currency inflow which have been badly affected by COVID-19.

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