Inflation ( CCPI)0.9% (May 2024)
GDP5.3% (1Q 2024)
Unemployment4.3% (4Q 2023)
3M T-Bill Rate9.39%
12M T-Bill Rate9.90%
2Y T-Bond Rate10.10%/ 10.20%
4Y T-Bond Rate11.10% / 11.25%
USD/LKR304/305
Reserves $5.4Bn (May 2024)
Cum. Trade Deficit $1,229 Mn (March 2024 cumulative)
Cum. Fiscal DeficitLKR 2,320 Bn (Dec 2023)

T-Bill rate fell week on week basis but it is up by 21% to 24% compared with last year

Interest RatesDec 28, 2022
T-Bill rate fell week on week basis but it is up by 21% to 24% compared with last year

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.

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.