Customers of Manila Electric Company (Meralco) can expect financial relief on their electric bills next month, as this is expected to be on downtrend, according to company Vice President and Spokesperson Joe Zaldarriaga. “Based on initial projections, there is a strong likelihood that power rates...
The government allowed rates of short-dated IOUs to increase at Monday’s (Feb. 22) auction, as the Bureau of the Treasury made a full award for its borrowing plan for this week. Yields of 91-, 182-, and 364-day Treasury bills (T-bills) rose across the board from last week’s levels. The...
There was strong demand for the auction of 28-day Bangko Sentral ng Pilipinas (BSP) securities last Friday as bids were 1.72x oversubscribed, according to BSP Deputy Governor Francisco G. Dakila Jr. The BSP bills also fetched a higher yield of 1.6683 percent from the previous 1.6402 percent....
The national government has successfully borrowed P24 billion in the domestic market Monday, Feb. 15 after interest rates declined across the board. At an auction, yield of 91-day Treasury bills (T-bills) averaged at 0.845 percent, slightly lower from last week’s 0.846 percent. The 182-day...
The auction of Bangko Sentral ng Pilipinas (BSP) 28-day securities was slightly undersubscribed at P99.05 billion versus offer of P100 billion while yields increased. “The very slight undersubscription in the 28-day bills auction reflects market participants preference for shorter tenors in...
The Bureau of the Treasury (BTr) fully awarded bids for short-dated treasury bills at yesterday’s auction. The 91-, 182-, and 364-day Treasury bills fetched average rates of 0.846 percent, 1.094 percent and 1.446 percent respectively—all lower than previous auction results. The auction...
The auction of Bangko Sentral ng Pilipinas’ (BSP) 28-day bills had a higher offer of P120 billion last Friday and it was fully awarded with tenders amounting to P148.81 billion. The bids were lower compared to January 29’s P150.90 billion. The offered volume previously was P100 billion....
The Bangko Sentral ng Pilipinas’ (BSP) auction of 28-day BSP bills last Friday fetched a lower yield and attracted 1.51x more of the offered P100 billion volume. BSP Deputy Governor Francisco G. Dakila Jr. said the offering for the BSP bills was fully subscribed. “Amid strong market interest,...
The Bangko Sentral ng Pilipinas (BSP) said it has fully awarded its 28-day bills offered at P100 billion. The BSP securities auction received P162.80 billion tenders on Friday, lower than January 15’s P167.25 billion bids. The BSP bills fetched a lower average rate this week of 1.6362 percent...
Trade and Industry Secretary Ramon M. Lopez preferred the passage of pending economic bills that will open certain domestic industries to majority foreign ownership rather than tinkering the Constitution or charter change (cha-cha). At the "Laging Handa" briefing, Lopez explained that as a matter...
Bangko Sentral ng Pilipinas (BSP) Deputy Governor Francisco G. Dakila Jr. said the auction of its 28-day BSP bills continue to be oversubscribed or 1.67x the offered volume. The BSP offered P100 billion of its securities during Friday’s auction, and banks tendered P167.25 billion. “The P100...
The national government has borrowed P22 billion in the domestic market through the sale of short-term debt papers (treasury bills) at yesterday’s auction. Interest rates also further declined. The three-month yield settled at 0.977 percent, lower than the 0.987 percent in the...
