T-bill rate fell sizably as CBSL's warned over administrative action to bring down the interest rate

T-bill rate fell at the primary auction today 91 days from 32.92% to 32.91%, 182 days from 32.45% to 32.27%, and 364 days from 29.52% to 29.46%. But a large quantum of the funds was raised from 91 days maturity which increases the rolling over risk.

CBSL managed to raise a target LKR 80Bn from the auction leaving out the money printing requirement.