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%
USD/LKR327/328
Reserves $3.58Bn (Nov 2023)
Cum. Trade Deficit $3,307 Mn (Sep 2023 cumulative)
Cum. Fiscal DeficitLKR 1,614 Bn (Sep 2023)

CBSL trying hard to sell down their T-Bill Holdings via OMO Auctions

Interest RatesJun 21, 2022
CBSL trying hard to sell down their T-Bill Holdings via OMO Auctions
CBSL, OMO announced two OMO outright auctions within the last few days (17th & 21st). They offered LKR 25Bn at each auction to sell T-Bills with different maturity periods. At the first auction, CBSL managed to sell only 500Mn and at the second auction able to sell 2,900Mn with a shorter tenor. Compared the interest shown by investors for primary auctions seems to be not visible for OMO auctions with relatively similar interest rates.

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