The Philippine government’s outstanding debt nears the P12-trillion mark in October this year due to higher domestic borrowings, the Bureau of the Treasury reported on Wednesday, Dec. 1. As of October 2021, the national government’s total debt reached P11.971 trillion, up by P54.48 billion...
Benchmark yields moved sideways amid expectations of higher interest rates following the US Federal Reserve’s decision to begin its stimulus tapering. At Monday's auction, Nov. 29, the 91-day Treasury bill rate, which banks use in pricing their loans, slightly went down to 1.164 percent from...
Gov’t borrows P360 billion from small investors By Chino S. Leyco The Duterte government completed its borrowing from small investors through the sale of retail Treasury bonds (RTB), the Bureau of the Treasury announced. In a statement, Monday, Nov. 29, the Treasury said the government sold...
PH new borrowings cut by 78% The national government cut new borrowings in October on the back of improving revenue collections. Data from the Bureau of the Treasury showed that the Duterte administration’s gross borrowings last month dropped 78 percent to P145.78 billion from P663.21 billion in...
The Duterte administration’s budget deficit widened in October owing to higher spending. The Bureau of the Treasury reported on Thursday, Nov. 25, that the national government incurred a P64.3 billion fiscal gap during the month, an increase of 2.9 percent compared with P61.4 billion in the same...
The Bureau of the Treasury has scaled down its domestic borrowing program for December due to strong demand for the ongoing retail bond offering and fewer working days. National Treasurer Rosalia V. de Leon said on Thursday, Nov. 25, that the national government plans to borrow only P70 billion...
Investors pressed anew for an increase in Philippine benchmark interest rates for short-term loans. At Monday's auction of Treasury bills on Nov. 22, the bellwether 91-day T-bill rate, which banks use in pricing their loans, rose to 1.178 percent from 1.150 percent previously. The Bureau of the...
Small Filipino savers can now take a piece of the government's latest Retail Treasury Bond (RTB) sale. Bureau of the Treasury office The Bureau of the Treasury has launched an offering of five-and-a-half-year RTBs that fetched a coupon rate of 4.625 percent. The offer period runs until Nov. 26,...
Benchmark interest rates increase as investors expect the Bangko Sentral ng Pilipinas (BSP) will keep its key policy rates steady. At Monday's auction Nov. 15, the yields on short-term government debt papers, which banks use in pricing their loans, went up, with the returns on the 91-day Treasury...
Debt payments by the Philippine government were nearing the P1 trillion mark in the first nine-months of the year due to higher interest and principal settlements. Data from the Bureau of the Treasury showed that the national government's debt servicing reached P963.86 billion in January to...
Speculation about a possible policy rate adjustment and higher full-year inflation pushed up the yield for long-term Philippine debt papers. At a Bureau of the Treasury auction on Tuesday, Nov. 9, the interest rate for the 10-year Treasury bond went up to 5.130 percent from 4.468 percent last...
Banks pressed for an increase in Philippine benchmark interest rates for short-term loans as the government mulls borrowing from small investors before the end of the year through the sale of retail Treasury bonds (RTB). At Monday's auction of Treasury bills on Nov. 8, the bellwether 91-day T-bill...
