Inflation ( CCPI)4.0% (Aug 2023)
GDP-3.1% (2Q 2023)
Unemployment4.8% (4Q 2022)
3M T-Bill Rate18.12%
12M T-Bill Rate13.32%
2Y T-Bond Rate14.60%/ 15.00%
4Y T-Bond Rate14.50% / 14.90%
USD/LKR322/323
Reserves $3.60Bn (Aug 2023)
Cum. Trade Deficit $2,623 Mn (July 2023 cumulative)
Cum. Fiscal DeficitLKR 1,243 Bn (June 2023)

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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