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 International Sovereign Bond yields are rising again

Interest RatesMay 18, 2020
Sri Lanka International Sovereign Bond yields are rising again
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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