Inflation ( CCPI)3.4% (Nov 2023)
GDP-3.1% (2Q 2023)
Unemployment5.2% (2Q 2023)
3M T-Bill Rate14.67%
12M T-Bill Rate12.88%
2Y T-Bond Rate13.95%/ 14.05%
4Y T-Bond Rate14.20% / 14.30%
Reserves $3.58Bn (Nov 2023)
Cum. Trade Deficit $3,307 Mn (Sep 2023 cumulative)
Cum. Fiscal DeficitLKR 1,614 Bn (Sep 2023)

CBSL able to sell only 91Days T-bills at primary auction

Interest RatesFeb 5, 2022
CBSL able to sell only 91Days T-bills at primary auction

CBSL borrowing funds from the public via T-Bill primary auctions in three different maturities namely 91Days, 182Days, and 364Days. Investors demand different risk premiums for those three maturities to lend money to CBSL. CBSL has been heavily relying on short-term borrowing (at primary auctions) as they only managed to sell 91Days at today's auction too.

But 91days bill rate fell slightly. The weighted average borrowing tenor of the CBSL at TBill actions stands at 94Days which is also close to three months T-bills. The weekly average salle of 364Days T-bill at auction was 2.5Bn in 2021 against the average weekly auction size of LKR 49.8Bn.


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