Investors continued to ask for higher interest rates from the government, prompting the Bureau of the Treasury to reject offers for the three-month and one-year debt papers. At an auction of Treasury bills on Tuesday, Sept. 27, offers for the bellwether 91-day rate, which banks use in pricing their...
The benchmark interest rate on debt falling due in almost seven-years rose at an auction of the government IOUs at the Bureau of the Treasury on Tuesday, Sept. 20. The interest rate of the seven-year Treasury bonds, with a remaining life of six-years and eight months, fetched 6.588 percent. The...
The benchmark interest rate on debt falling due in 10-years declined at an auction of the government IOUs at the Bureau of the Treasury on Tuesday, Sept. 13. The coupon rate of the new 10-year Treasury bonds fetched at 6.75 percent, lower than the 7.75 percent when same instrument was sold in June...
Philippine benchmark interest rates for short-term loans rose prompting the Bureau of the Treasury to only borrow partially. On Monday, Sept. 12, auction of Treasury bills, the government rejected all bids for three-month IOUs. Likewise, the Treasury bureau failed to borrow through the sale of...
The Bureau of the Treasury has scaled down its domestic borrowing program for September. According to an online advisory released on Monday, Aug. 30, the Treasury said it plans to borrow P200 billion from local creditors next month, lower compared with the P215 billion program in August. The bureau...
Independent minority congressman, Albay 1st district Rep. Edcel Lagman took it upon himself Friday, Aug. 26 to inform Filipinos about what the Marcos administration would really be spending on debt payments in 2023. (Screenshot from Zoom meeting) The total amount? A whopping P1.6 trillion. National...
The Bureau of the Treasury clarified that the principal debt payment earmarked by the Department of Budget and Management (DBM) next year is not part of President Marcos’ proposed national budget. National Treasurer Rosalia V. De Leon said on Tuesday, Aug. 23, that budget for principal payment,...
Small Filipino savers wanting to take a piece of President Marcos’ first retail Treasury bond (RTB) sale would earn higher interest rates than prevailing market rates. The Bureau of the Treasury has launched on Tuesday, Aug. 23, the government’s new 5.5-year RTB, raising an initial P162.72...
Benchmark yields for short-term loans went up after the Bangko Sentral ng Pilipinas (BSP) delivered another large interest rate hike last week. At Monday's auction of Treasury bills on Aug. 22, the bellwether 91-day Treasury bill rate, which banks use in pricing their loans, rose to 2.070 percent...
The benchmark interest rate on debt falling due in almost 10-years declined at an auction of the government IOUs at the Bureau of the Treasury on Tuesday, Aug. 16. The interest rate of the 10-year IOUs, with a remaining life of nine-years and 10 months, fetched 5.813 percent, lower than the...
Yields on short-term government borrowings increased as investors expect the Bangko Sentral ng Pilipinas (BSP) to raise key policy rates this week. At an auction of Treasury bills on Monday, Aug. 15, the bellwether 91-day rate, which banks use in pricing their loans, inched up to 1.874 percent from...
Interest rates for long-term Philippine debt papers declined despite weaker economic growth performance in the second quarter. At a Bureau of the Treasury auction on Tuesday, Aug. 9, yield on the reissued 10-year bonds with a remaining life of six years and five months fetched at 5.791 percent,...
