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Sri Lanka: Macro & Equity Update - Rate Cap Removed; Equities To Remain Favoured

  • Yield cap removal key corrective policy move; we forecast 1-yr yields at approx. 7.50% by year end

  • Yields have gradually increased but, issuances have gone under-subscribed

  • Low real interest rates to continue to favour equities in the near to medium-term

Lakshini Fernando
Asia Securities
21 September 2021
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