Inflation ( CCPI)35.3% (April 2023)
GDP-12.4% (4Q 2022)
Unemployment4.8% (4Q 2022)
3M T-Bill Rate25.60%
12M T-Bill Rate22.97%
2Y T-Bond Rate29.25%/ 30.00%
4Y T-Bond Rate27.25% / 27.35%
USD/LKR297/298
Reserves $2.75Bn (April 2023)
Cum. Trade Deficit $862Mn (March 2023)
Cum. Fiscal DeficitLKR 2,300 Bn (Dec 2022)

US credit rating at risk, investors are nervous

InternationalMay 25, 2023
US credit rating at risk, investors are nervous
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The home of the "preeminent world's reserve currency" is now on "rating watch negative" as a result of the increased "political partisanship that is hindering reaching a resolution to raise or suspend the debt limit" despite the fast approaching ‘x date', which is when the US Treasury exhausts its cash position and capacity for extraordinary measures.

Fitch noted the US reached its USD 31.4trn debt limit on 19 January 2023, since which date the US Treasury had taken extraordinary measures to avoid breaching the ceiling, which could be exhausted as early as 1 June - the date repeatedly cited by US Treasury secretary Janet Yellen. (Reported by Investment Week UK)

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