Short-term rates move sideways Short-term benchmark interest rates moved sideways amid excess liquidity in the financial market. At a Bureau of the Treasury auction on Monday, Feb. 7, the bellwether 91-day Treasury bill rate, which banks use in pricing their loans, inched up to 0.710 percent from...
The Duterte administration has so far borrowed more than P1 trillion from foreign lenders for the government’s coronavirus response, the Department of Finance (DOF) said. As of Jan. 14, 2022, the national government already raised a total of $22.55 billion, or roughly P1.15 trillion, in budgetary...
The interest rate for long-term Philippine debt papers dropped to 4.089 percent from the 4.564 percent in December last year amid lingering anticipation over unwinding monetary policies in the United States. The Bureau Treasury reported on Wednesday, Feb. 2, that investors at the auction for the...
Philippine benchmark interest rates for short-term loans dipped amid expectations of slower inflation rate. At Monday's auction of Treasury bills on Jan. 31, the bellwether 91-day T-bill rate, which banks use in pricing their loans, slightly fell to 0.691 percent from 0.693 percent previously. The...
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...
Debt servicing by the Philippine government jumped 203 percent in November due to higher interest and principal payments, data from the Bureau of the Treasury revealed. The national government's debt payments hit P81.34 billion in November last year, that is 203 percent more than the P26.79 billion...
Lingering anticipation over unwinding monetary policies in the United States pushed up the interest rate for long-term Philippine debt papers. At a Bureau of the Treasury auction on Tuesday, Jan. 18, the coupon rate for new 10-year Treasury bond fetched 4.875 percent, up from an interest rate of...
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...
The Philippines managed to cut new borrowings in November last year due to significantly lower financing from domestic creditors. Data from the Bureau of the Treasury showed that the national government’s gross borrowings reached P26.69 billion in November, down by 78 percent compared with...
The Bureau of the Treasury said the government has established its sustainable finance framework to support the country’s sustainability commitments. In a statement, the Treasury bureau said on Friday, Jan. 14, that the framework has set out how the the Philippine government intends to raise...
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....
The government rejected all bids for long-term debt papers as investors sought a higher yield. At the Bureau of the Treasury’s auction on Tuesday, Jan. 4, investors had sought a return of 4.814 percent for the reissued seven-year Treasury bonds, higher than the previous yield of 4.468 percent...
