Short-term benchmark interest rates dipped as global oil prices eased. At the Bureau of the Treasury’s auction on Monday, April 11, the yield on three-month papers, which banks use in pricing their loans, dropped to 1.250 percent from the 1.380 percent fetched during the previous week. The...
After more than a month of partial award, the Bureau of the Treasury has finally made a full award of its short-term borrowing program as interest rates eased across the board. At Monday's auction, April 4, yields on short-term government debt papers declined, with the returns on the 91-day...
Government debt continued to snowball in February, driven mainly by both domestic and offshore borrowings as well as foreign exchange fluctuations. The Bureau of the Treasury reported Thursday, March 31, that the outstanding debt of the national government stood at P12.093 trillion as of February,...
The national government’s budget deficit narrowed in February this year owing to lower public spending. Data from the Bureau of the Treasury showed that the government incurred a P105.8 billion fiscal gap during the month, down by nine percent from P116 billion in February 2021. The slimmer...
The lingering anticipation over higher borrowing costs in the US caused the Philippines' long-term benchmark interest rate to increase. At the Bureau of the Treasury auction on Tuesday, March 29, yield on 10-year debt papers rose to 6.092 percent from 4.875 percent when the same IOUs were auctioned...
Investors continued to press for an increase in Philippine benchmark interest rates for short-term loans. At Monday’s auction, March 28, the yield on the 91-day Treasury bill, which banks use in pricing their loans, rose to 1.587 percent from 1.536 percent a week ago. The government accepted P5...
The Duterte administration has “successfully” completed its three-tranche foreign commercial borrowing on the back of volatile financial markets overseas, the Bureau of the Treasury announced. The Treasury bureau said Tuesday, March 22, that the government raised $2.25 billion, or roughly P118...
The Duterte administration will sell fresh debt papers to overseas investors, including the government’s maiden green bond issue, a document from the Bureau of the Treasurer revealed. Based on a Treasury document obtained by reporters on Monday, March 21, the government is planing to raise funds...
The national government substantially increased the amount of subsidy it extended to government owned and controlled corporations (GOCCs) last January, particularly to the National Irrigation Administration (NIA). Financial support extended to the state-owned companies accelerated in the first...
The national government posted a bigger budget deficit in the first month of the year owing to higher interest payments, data from the Bureau of the Treasury showed. The government incurred a P23.4 billion fiscal gap in January 2022, higher by 66.3 percent compared with P14.1 billion in the same...
Lingering concerns over higher inflation pushed up the interest rate for long-term Philippine debt papers. At the Bureau of the Treasury auction on Tuesday, March 15, the yield for the reissued five-year Treasury bond went up to 4.669 percent from 4.012 percent last Jan. 11 when the IOU was last...
Following two consecutive weeks of failed domestic borrowings, the national government made a partial award of the short-dated debt papers despite still elevated interest rates. The Bureau of the Treasury raised P9.137 billion from auction of three-month, six-month and one-year IOUs, with total...
