Primary Market 91Days T-Bill rate fell by 0.61% after it jumped in the last three auctions

91Day T-bill fell from 32.11% to 31.50%, 182days T-Bill also fell from 31.50% to 29.97% but CBSL accepted only LKR 230Mn bids, 364Day T-bill fell marginally from 29.87% to 29.82% while CBSL accepts LKR 9.5Bn bids. In total CBSL accepted LKR 55Bn which is the same amount that they auctioned and higher than the market liability which was LKR 45.5Bn.

This prevents CBSL to print the money at the primary auction but still depends heavily on short-term borrowing.