Sri Lanka secondary market yields were under pressure and jumped by 0.20% during volatile market conditions. Funds were rooting back to US looking for a safe haven to avoid uncertainty and risk. The Bank of England has cut UK interest rates from 0.75% to 0.25% at an unscheduled meeting in an emergency move to bolster the economy amid the coronavirus outbreak. Meanwhile, President Trump urged the Federal Reserve to cut interest rates further, as he said the US economy is strong despite fears about the coronavirus outbreak causing a slowdown.
Sri Lanka Treasury Bill rates marginally up at weekly primary auction
Interest RatesMar 11, 2020