Inflation ( CCPI)1.3% (Sep 2023)
GDP-3.1% (2Q 2023)
Unemployment4.7% (1Q 2023)
3M T-Bill Rate17.42%
12M T-Bill Rate13.30%
2Y T-Bond Rate14.60%/ 15.00%
4Y T-Bond Rate14.50% / 14.90%
USD/LKR322/323
Reserves $3.60Bn (Aug 2023)
Cum. Trade Deficit $2,930 Mn (Aug 2023 cumulative)
Cum. Fiscal DeficitLKR 1,243 Bn (June 2023)

Funds move more liquid financial Instruments as risk keep rising

Global IndexesMar 20, 2020
Funds move more liquid financial Instruments as risk keep rising
Entire globe facing a mounting risk as the spreading Corona has not yet decelerated. Funds start to move from emerging markets & frontier markets to safe heaven like US treasuries and Gold. US 10 years fell dramatically due to heave demand. Now investors feel having money equivalent to cash is safer than long term instruments and US short term instruments such as Bills and repo's are attracting funds from long term instruments such as 10Y US Treasuries.

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