At P14.1 billion The Duterte administration’s budget in January swung to deficit from surplus in the previous year as the coronavirus-induced economic crisis continued to drag-down the government’s tax collections. Data from the Bureau of the Treasury revealed on Wednesday, March 17, that the...
Yields of short-dated IOUs (treasury bills) continued to rise at Monday’s (March 15) Bureau of Treasury auction, Interest rate of three-month Treasury bills (T-bills) jumped to 1.232 percent from last week’s 1.139 percent, while six-months notes increased from 1.316 percent to P1.527 percent....
The Bureau of the Treasury made a full award at Tuesday’s auction yesterday (March 9), of seven-year debt paper despite higher interest rate. The government’s Treasury bonds (T-bonds) maturing May 2027 averaged at 3.732 percent, significantly higher compared with 2.791 percent fetched on...
Interest rates on Treasury bills rose across the board on Monday, (March 8), amid worries on accelerating inflation. But the Bureau of the Treasury made a full-award at an auction despite higher interest rates being sought by investors. The 91-day Treasury bills (T-bills) fetched an average...
The Duterte Administration has raised P463.3 billion from the latest offering of retail bonds targeted at local small investors, the Bureau of the Treasury announced on Thursday, March 4. National Treasurer Rosalia de Leon said that P411.8 billion of the total proceeds will be used for the...
The national government’s debt stock breached P10-trillion mark in January after its total obligations accelerated by P2.5 trillion amid aggressive borrowings to finance the country’s war chest against the coronavirus pandemic. The Bureau of the Treasury reported on Tuesday, March 2, that the...
The Duterte administration borrowed a record P2.74 trillion last year to bridge the ballooning budget deficit induced by the coronavirus pandemic, data from the Bureau of the Treasury showed. The national government’s gross borrowings accelerated by 170 percent in January to December last year to...
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...
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 Bureau of the Treasury (BTr) is urging the lawmakers to immediately reform the present pension system for military and uniformed personnel (MUP) in view of the growing fiscal burden and sustainability risks it poses. In a statement, National Treasurer Rosalia de Leon said overhauling the MUP...
The national government completed the initial phase of the latest retail bond offering targeted at local small investors, the Bureau of the Treasury said. The treasury bureau sold an initial P221.22 billion in three-year retail bonds at a coupon rate of 2.375 percent. Total bids...
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...
