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.