The Treasury Bill rate fell marginally for the seventh consecutive week. But the yields are up substantially in 2022, compared with 2021. 91Days and 182Days up by 24% and 364days up by 21%. But the borrowing is more weighted to 91 days, the shorted tenor.
The subscription was managed by CBSL in the later part of the year with the support of money printing. Outstanding T-Bills was LKR 2.4 Trillion as of the end of 2021 and it has reached LKR 4.1 trillion as of 23rd of Dec 2022.
CBSL holds the rates after September as it is more costly for the government to borrow as well as for the banking sector to operate in a feasible manner.