The Bureau of the Treasury sold P30 billion worth of debt notes at yesterday’s auction.
The 10-year re-issued Treasury bonds fetched an average rate of 2.782 percent, after highest bid reached 2.835 percent while lowest asking was at 2.675 percent. Total tenders reached P68.66 billion.
National Treasurer Rosalia de Leon said the yield was 40 basis points lower compared with its similar tenor sold in July. “Inflation outlook remains benign. There is also strong liquidity with heavy bias on belly tenors,” de Leon told reporters.