The government has made a full award of the reissued seven-year IOUs despite higher interest rates. On Tuesday, Nov. 7, the Bureau of the Treasury raised P30 billion through an auction of reissued Treasury bonds with a remaining life of six-years and seven-months. The bonds were awarded at an...
Short-term benchmark interest rates significantly increased weeks after the policy rate hike. At the Bureau of the Treasury auction on Monday, Nov. 6, the national government raised a total of P13.220 billion, below the P15 billion program. Total demand reached P32.316 billion. The 91-day Treasury...
The Bureau of the Treasury said the Marcos administration has recorded a slight decrease in its foreign and local borrowings in the first nine months of the year. From January to September 2023, gross financing totaled P1.782 trillion, a two percent drop compared to the same period last year when...
The government rejected all bids for its long-term debt papers on Tuesday, Oct. 31, after investors sought higher yields. The Bureau of the Treasury rejected all bids for the reissued 10-year debt papers. These IOUs were initially issued on Jan. 10, 2019, and still have a remaining life of five...
Benchmark yields for short-term loans were significantly higher this week amid the policy rate increase forcing the Bureau of the Treasury to partially borrow. At Tuesday's auction of Treasury bills on Oct. 31, the national government raised a total of P12.75 billion, below the P15 billion program....
The national government's debt stock had decreased in September compared to the previous month due to repayments made to both local and foreign creditors, the Bureau of the Treasury reported on Tuesday, Oct. 31. The government's outstanding debt as of September stood at P14.269 trillion, a decline...
State-run National Housing Authority (NHA) received the largest subsidy support from the national government in September this year to aid its goal of ensuring the country’s housing programs, data from the Bureau of the Treasury showed. The national government gave away P21.26 billion in...
The Marcos administration increased its domestic borrowing program for November, data from the Bureau of the Treasury showed on Wednesday, Oct. 25. In a memorandum posted on the Treasury website, the bureau stated that the national government aims to borrow P225 billion from the domestic market...
President Marcos' economic team will reevaluate its growth targets after the "Undas" holiday break due to underspending in some government agencies and risks associated with the Hamas-Israel conflict. National Economic and Development Authority (NEDA) Undersecretary Rosemarie Edillon said a special...
The Bureau of the Treasury reported that the Marcos administration's budget deficit fell well below the ceiling in the first nine months of the year due to higher-than-expected revenues. From January to September, the national government incurred a fiscal gap of P983.5 billion, 11 percent lower...
The government has made a full award of the reissued 10-year Treasury bonds (T-bonds) that fetched an average interest rate of 6.954 percent. On Tuesday, Oct. 24, the Bureau of the Treasury raised P30 billion through an auction of reissued T-bonds with a remaining life of nine-years and 10-months....
The national government failed to sell its short-term debt papers as investors pushed anew for higher returns for the fifth consecutive week. The national government fell short of raising its P15 billion target, managing to raise only P14.26 billion. The total bids received during the auction...
