Yields on short-term government borrowings increased as investors expect the Bangko Sentral ng Pilipinas (BSP) to raise key policy rates this week. At an auction of Treasury bills on Monday, Aug. 15, the bellwether 91-day rate, which banks use in pricing their loans, inched up to 1.874 percent from...
Debt payments down 41% in H1 Debt payments by the national government went down by 41 percent in the first semester of the year due to lower amortization, data from the Bureau of the Treasury showed. The national government's debt servicing reached P458.35 billion in January to June this year,...
Interest rates for long-term Philippine debt papers declined despite weaker economic growth performance in the second quarter. At a Bureau of the Treasury auction on Tuesday, Aug. 9, yield on the reissued 10-year bonds with a remaining life of six years and five months fetched at 5.791 percent,...
Yields on short-term government borrowings were mixed as investors watch for clues concerning future Bangko Sentral ng Pilipinas and US Federal Reserve’s decisions. At an auction of Treasury bills on Monday, Aug. 8, the bellwether 91-day rate, which banks use in pricing their loans, dropped to...
The amount of subsidy the Duterte administration extended to government owned and controlled corporations (GOCCs) was slashed by half in the first semester, but bulk of it went to National Irrigation Administration (NIA). Data from the Bureau of the Treasury showed that financial support extended...
Former President Duterte borrowed P6.843 trillion in total during his six years in Malacañang, driven mainly by his administration’s borrowing spree at the height of the pandemic, data from the Bureau of the Treasury showed. From a government debt of P5.948 trillion when former President Duterte...
The national government borrowed more than expected after interest rate for long-term Philippine debt papers declined. At a Bureau of the Treasury auction on Tuesday, Aug. 2, the coupon rate for the 3.5-year Treasury bond fetched at 5.250 percent, below the secondary market rate of 5.489 percent....
Philippine benchmark interest rates for six-month and one-year loans rose, while the yield for three-month papers dropped. On Monday, Aug. 1, auction of bellwether 91-day Treasury bill rate, which banks use in pricing their loans, dropped to 2.090 percent from 2.273 percent previously. The Bureau...
Former President Duterte borrowed P1 trillion in his final six months in Malacañang. Data from the Bureau of the Treasury showed that the national government’s net borrowings hit P1.021 trillion from January to June this year. This amount, however, was 40 percent lower compared with P1.719...
Benchmark interest rate for long-term debt papers declined allowing the national government to raise its borrowing program and take advantage of the favorable yield. At the Bureau of the Treasury auction on Tuesday, July 26, the yield for the reissued 25-year Treasury bond, with a remaining life of...
The Duterte administration closed the books with a lower than expected budget deficit in the first semester, driven mainly by higher revenue collection by the Bureau of the Customs (BOC) from expensive fuel imports. The Bureau of the Treasury reported on Tuesday, July 26, that the national...
Benchmark interest rates for short-term debt papers posted mixed results as investors await President Marcos’ first state of the nation address (SONA). At Monday's auction of Treasury bills on July 25, the bellwether 91-day Treasury bill rate, which banks use in pricing their loans, dropped to...
