Inflation ( CCPI)1.5% (Oct 2023)
GDP-3.1% (2Q 2023)
Unemployment5.2% (2Q 2023)
3M T-Bill Rate15.29%
12M T-Bill Rate12.94%
2Y T-Bond Rate14.45%/ 14.50%
4Y T-Bond Rate14.70% / 14.80%
Reserves $3.56Bn (Oct 2023)
Cum. Trade Deficit $3,307 Mn (Sep 2023 cumulative)
Cum. Fiscal DeficitLKR 1,614 Bn (Sep 2023)

The steep interest rate fall is on hold for the second week at the primary market

Interest RatesFeb 8, 2023
The steep interest rate fall is on hold for the second week at the primary market

91days T-Bill rate fell by three basis points to 29.88%, while the rest of the primary rates of 182Days and 364Days remained the same at the auction held today. CBSL was not able to raise the targeted LKR 100Bn at phase-I and managed to raise only LKR 53.6Bn.

Last week phase I auction was undersubscribed at the first attempt, but CBSL managed to fulfill the required amount at phase II of the primary auction. This is the second consecutive week where the 182Days and 364Days T-Bill rates were unchanged after it registering a fall at a steady phase.


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.