The benchmark interest rate on debt falling due in almost 12 years rose at an auction of the government IOUs at the Bureau of the Treasury on Tuesday, Nov. 15. The interest rate of the 25-year IOUs, with a remaining life of 11 years and nine months, fetched 8.168 percent, lower than the original...
Benchmark yields for short-term loans went up ahead of the Bangko Sentral ng Pilipinas' (BSP) policy meeting. At Monday's auction of Treasury bills on Nov. 14, the bellwether 91-day Treasury bill rate, which banks use in pricing their loans, rose to 4.464 percent from 4.350 percent last week. The...
The country's debt ratio climbed to a 17-year high in the third-quarter this year as new government loans continued to pile up, data from the Bureau of the Treasury revealed. As of September 2022, the outstanding obligations of the national government as a share of gross domestic product (GDP) hit...
Benchmark interest rates for short-term loans rose anew, forcing the national government reduced its borrowing ceiling. At Monday's auction of short-term IOUs, the Bureau of the Treasury awarded only P6.7 billion of debt papers, less than half of its P15 billion program for the week. National...
The Marcos administration is feeling the pinch of the strengthening US dollar as the Bureau of the Treasury blamed the weak peso as one of the culprits for the national government’s ballooning debts. On Thursday, Nov. 3, the Treasury bureau reported that as of September, the outstanding debt of...
The national government rejected all bids for its short- and long-term debt paper offerings after investors sought for higher returns. At Wednesday’s dual auctions, Nov. 2, the Bureau of the Treasury failed to borrow P50 billion from the sale of three-, and six-months notes as well as one-, and...
Despite rising interest rates due to high inflation plus interest rate hikes here and abroad, the Bureau of the Treasury increased its domestic borrowing program for November. Based on the Treasury advisory on Thursday, Oct. 27, the November financing plan of the Marcos administration increased by...
The national government’s budget deficit slightly narrowed in September as revenue collection outstripped last year’s performance due to the above target tax take by the Bureau of Customs. Data from the Bureau of the Treasury showed on Wednesday, Oct. 26, that the Marcos administration incurred...
The Bureau of the Treasury borrowed less than expected after yield on long-term debt papers rose. The interest rate on the reissued 25-year Treasury bonds with a remaining life of 12 years and 11 months settled at 7.887 percent, above the prevailing secondary market rates of 7.233 percent to 7.368...
The national government borrowed less than programmed at lower interest rates. At Monday's auction of Treasury bills, Oct. 24, the national government awarded only P6.65 billion, equivalent to only 44.36 percent of the national government’s P15 billion program for the week. The bellwether 91-day...
The national government borrowed P35 billion from the domestic market despite higher returns. The benchmark coupon rate on debt falling due in 10-years rose to 7.5 percent from 6.75 percent when same instrument was sold in last Sept. 13. Likewise, the yield is slightly higher than the 7.202 percent...
The amount of subsidy the Marcos administration extended to government owned and controlled corporations (GOCCs) was slashed by more than half in August, but bulk of it went to the Philippine Health Insurance Corp. (PhilHealth). Based on the Bureau of the Treasury data, financial support extended...
