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)

Interest rate in Primary Market fell as CBSL sold LKR 65Bn T-bills successfully

Interest RatesSep 21, 2022
Interest rate in Primary Market fell as CBSL sold LKR 65Bn T-bills successfully

The T-Bill rates fell across all the maturities 91Days from 32.71% to 31.95%, 182days 30.82% to 30.62%, 364Days from 30.26% to 29.87% at the primary auction held today. But 85% of the borrowings came from 91Days and less than LKR 10 Bn was accepted for the other two maturities.

This leaves CBSL’s borrowing ladder much exposed to the short term.


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