Treasury Bill rates adjusted beyond the CBSL policy rate adjustment

Thursday, 8 June 2023 00:04 - - {{hitsCtrl.values.hits}}

The 364 days maturing T-Bill rates fell 381 basis points and 182 days fell by 339 basis points at the first primary auction after the CBSL rate cut on 1 June 2023 according to charts.lk

It said investors had sent out over Rs. 300 billion worth bids into the auction, mostly for 364 days.

Charts.lk said the sharp decline in the primary market rate and the bidding pattern indicates that the market expects further reductions in the interest rate in the near future.

The absence of the T-Bond auctions would also have tempted the long-term investors cum traders to buy more 364Day T-bills with excess liquidity.

Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event including Valentine ’s Day. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Flower Bouquets, Clothing, Watches, Lingerie, Gift Sets and Jewellery. Also if you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.