Inflation ( CCPI)3.4% (Nov 2023)
GDP-3.1% (2Q 2023)
Unemployment5.2% (2Q 2023)
3M T-Bill Rate14.67%
12M T-Bill Rate12.88%
2Y T-Bond Rate13.95%/ 14.05%
4Y T-Bond Rate14.20% / 14.30%
USD/LKR327/328
Reserves $3.58Bn (Nov 2023)
Cum. Trade Deficit $3,307 Mn (Sep 2023 cumulative)
Cum. Fiscal DeficitLKR 1,614 Bn (Sep 2023)

CBSL suddenly increases the size of the T-bill auctions, while no T-Bond auction is scheduled to settle coupon and principal maturities

Interest RatesMay 7, 2023
CBSL suddenly increases the size of the T-bill auctions, while no T-Bond auction is scheduled to settle coupon and principal maturities

CBSL is required to raise a little over LKR 165 Bn on 15th May to settle the principle maturity of a T-Bond which had been issued six years back. CBSL did not hold a Bond auction to raise money to repay coupons on 1st May instead they printed and settle.

It is witnessed that CBSL has increased the Volume of the T-Bill auctions during the month of May so far. Accordingly, the auction size was LKR 160Bn last week and this week it is LKR 140Bn.

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