Inflation ( CCPI)1.7% (June 2024)
GDP5.3% (1Q 2024)
Unemployment4.3% (4Q 2023)
3M T-Bill Rate9.14%
12M T-Bill Rate9.95%
2Y T-Bond Rate10.10%/ 10.20%
4Y T-Bond Rate11.60% / 11.70%
USD/LKR303/304
Reserves $5.6Bn (June 2024)
Cum. Trade Deficit $2,180 Mn (May 2024 cumulative)
Cum. Fiscal DeficitLKR 361Bn (April 2024)

Interest rate under massive correction as 2Y bond rates hit 14.41% at primary auction

Interest RatesMar 13, 2022
Interest rate under massive correction as 2Y bond rates hit 14.41% at primary auction

After multiple external and internal shocks, the interest rates are also preparing for a massive correction. Two-year T-bond ( 01-08-2024 Maturity) hit 14.41% while slightly above Five years to maturing bond went up to 14.70%, interestingly 10 years maturing bond hit as high as 15.42% at a primary auction held at CBSL today.

This increase of the rates suggests the 364Days Bill rates be around 13.5%, which is another 2% increase in T-bills in near future.

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