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 rates fell across all the maturities after six weeks

Interest RatesMay 17, 2023
T-Bill rates fell across all the maturities after six weeks

T-Bill rates tend to be elevated with the tight liquidity and uncertainty over DDR prevailed during the last six weeks. Since bond auctions were not held in order to reinvest the principal bond maturities and coupons received last week, partial rollover of such maturities would have deployed for T-Bills, resulting in T-bill rates falling.

CBSL managed to raise the target amount of LKR 180Bn whereas the total maturities including CBSL holding stand at LKR 296Bn.

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