Inflation ( CCPI)1.7% (June 2024)
GDP5.3% (1Q 2024)
Unemployment4.3% (4Q 2023)
3M T-Bill Rate9.14%
12M T-Bill Rate9.95%
2Y T-Bond Rate10.10%/ 10.20%
4Y T-Bond Rate11.60% / 11.70%
USD/LKR303/304
Reserves $5.6Bn (June 2024)
Cum. Trade Deficit $2,180 Mn (May 2024 cumulative)
Cum. Fiscal DeficitLKR 361Bn (April 2024)

Bonds on the brink reward, Sri Lanka ISB prices apricated after DDR announcement

InternationalJul 10, 2023
Bonds on the brink reward, Sri Lanka ISB prices apricated after DDR announcement

JPMorgan stated that Investors who are stuck with bonds from countries that defaulted (Zamiba 2020, Sri Lanka 2022) or, are on the brink are betting the double-digit returns. Zambia negotiated to restructure its bilateral debts, and Sri Lanka got legislative approval for DDR, whereas Pakistan announced a USD 3 billion deal with the IMF.

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