Local short-term interest rates accelerated following Russia’s full-scale invasion of neighboring Ukraine. The Bureau of the Treasury rejected all tenors for Treasury Bills, or IOUs, after banks asked for much higher interest rates during the auction on Monday, Feb. 28. The treasury bureau was...
Benchmark short-term interest rates rose on the back of higher inflation forecast of the Bangko Sentral ng Pilipinas (BSP) and concerns surrounding Ukraine. At Monday's auction on Feb. 21, yields on short-term government debt papers, increased, with the returns on the 91-day Treasury bill up to...
Investors pressed anew for an increase in Philippine benchmark interest rates for short-term loans. At Monday's auction of Treasury bills on Feb. 14, the bellwether 91-day T-bill rate, which banks use in pricing their loans, rose to 0.810 percent from 0.710 percent previously. The Bureau of the...
Senator Grace Poe on Thursday scored the Bangko Sentral ng Pilipinas (BSP) for alerting financial consumers of fake bills emanating from banks’ automated teller machines (ATMs), saying it should not burden the public of a problem they should be solving. “Reminders by the Bangko Sentral ng...
Benchmark interest rates declined anew as investors await the US Federal Reserve's meeting. At Monday's auction Jan. 24, the yields on short-term government debt papers, which banks use in pricing their loans, went down, with the returns on the 91-day Treasury bill fell to 0.693 percent from 0.875...
Benchmark interest rates declined across the board at Monday's auction as inflation began showing signs of cooling down and investors await the policy tightening by the US Federal Reserve. The rate for the 91-day Treasury bill, which banks use in pricing their loans, dropped to 0.875 percent on...
Short-term benchmark interest rates dipped after inflation slowed in December 2021. At the Bureau of the Treasury’s auction on Monday, Jan. 10, the yield on three-month papers which banks use in pricing their loans, eased to 0.969 percent from the 1.075 percent fetched during the previous week....
Short-term benchmark interest rates dipped as investors anticipated slower inflation following the implementation of fuel price rollbacks in December, the Bureau of the Treasury said on Monday, Jan. 3. The yield on three-month papers, which banks use in pricing their loans, eased to 1.075 percent...
Malacañang tried to appease the public Tuesday, Dec. 14 over the backlash on the new P1,000 banknote featuring a Philippine eagle design that will be issued alongside the existing bill thas has portraits of World War II heroes Vicente Lim, Josefa Llanes Escoda, and Jose Abad Santos. (Ali Vicoy/...
The short-term benchmark interest rates went sideways. At Monday's auction of Treasury bills on Dec. 13, the bellwether 91-day T-bill rate, which banks use in pricing their loans, dropped to 1.125 percent from 1.155 percent previously. The Bureau of the Treasury sold the P2 billion worth of...
Short-term benchmark interest rates moved sideways amid Omicron threat. At the Bureau of the Treasury auction on Monday, Dec. 6, yields on three- and six-month debt papers went down, while the interest rate for the one-year IOU slightly inched up. “Bias continues on short end with Omicron...
Benchmark yields moved sideways amid expectations of higher interest rates following the US Federal Reserve’s decision to begin its stimulus tapering. At Monday's auction, Nov. 29, the 91-day Treasury bill rate, which banks use in pricing their loans, slightly went down to 1.164 percent from...
