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)

T-Bill rates rose further at primary auction at PDD

Interest RatesJan 12, 2022
T-Bill rates rose further at primary auction at PDD
This story is available exclusively to charts.lk subscribers. Become an member and start reading now.

The 91Days T-bill rate jumped to 8.38% from 8.26%, 182Days up to 8.40% from 8.30% and 364Days rate also increased to 8.44% from 8.39% at the previous auction held last week. CBSL managed to sell the entire target volume of the Bill, which enable them to prevent printing money for the auction settlement. But CBSL is continuously depending on very short-term funding as still the majority of the borrowing is toward 91days. CBSL managed to sell only LKR 1.16Bn of the T-Bills maturing 182Days or 364Days which is just 1.4% of the total T-bill sale at the auction.

Disclaimer

Charts represents an assessment of the market environment as of the date indicated and it is subject to change; and is not intended to be a forecast of future events or a guarantee of future results. This information should not be relied upon by the reader as research or investment advice regarding the funds or any issuer or security in particular. The strategies discussed are strictly for illustrative and educational purposes and should not be construed as a recommendation to purchase or sell, or an offer to sell or a solicitation of an offer to buy any security. There is no guarantee that any strategies discussed will be effective.

The information presented does not take into consideration commissions, tax implications, or other transactions costs, which may significantly affect the economic consequences of a given strategy or investment decision. This document contains general information only and does not take into account an individual’s financial circumstances. An assessment should be made as to whether the information is appropriate in individual circumstances and consideration should be given to talking to a financial advisor before making an investment decisions.