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/LKR292/293
Reserves $2.75Bn (April 2023)
Cum. Trade Deficit $1,443Mn (April 2023 cumulative)
Cum. Fiscal DeficitLKR 2,300 Bn (Dec 2022)

T-bill rates fell across all the maturities as CBSL firm to keep the Government borrowing cost lower

Interest RatesSep 14, 2022
T-bill rates fell across all the maturities as CBSL firm to keep the Government borrowing cost lower
This story is available exclusively to charts.lk subscribers. Become an member and start reading now.

91Days T-bill rate down to 32.71% from 32.81%, 182Days rate down to 30.82% from 31.28%, while 364Days rate down to 30.26% from 30.52%. But CBSL rejected most of the bids received for 182Days and 364Days to curtail the upward trend of interest rate. They managed to sell excess LKR 12.6Bn T-bills than the market maturity on Friday.

This would allow CBSL to retire some of the T-Bills bought by CBSL for monetary financing. It appears that some of the T-bond coupons have been reinvested into Bills than the new bond 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.

Copyright © 2023 Charts.lk. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service, Privacy Policy and Cookies Policy.