The Bureau of Local Government Finance (BLGF) continued to carry out its role of helping improve the fiscal position of the local government units (LGUs) by professionalizing the country’s local treasury service. In a statement Monday, Oct. 25, Niño Raymond Alvina, BLGF executive director, said...
Benchmark interest rates move sideways By CHINO S. LEYCO The short-term benchmark interest rates move sideways. At Monday's auction of Treasury bills on Oct. 25, the bellwether 91-day T-bill rate, which banks use in pricing their loans, slightly rose to 1.119 percent from 1.113 percent previously....
The national government’s budget deficit breached the P1 trillion mark in the first three quarters of the year, but cuts in expenditures allowed the Duterte administration to keep the funding gap below the ceiling. The Bureau of the Treasury reported Monday, Oct. 25, that the national...
The government rejected bids for its long-term debt paper as investors sought a higher yield amid lingering inflation concerns and expectations the US Federal Reserve will soon hike interest rates. National Treasurer Rosalia V. De Leon said the government could afford to reject high bids because...
Benchmark interest rates moved sideways on Monday, Oct. 18, as yields for the three-month and one-year IOUs resumed their increase, while the six-month paper marginally dropped. The 91-day Treasury bill rate, which banks use in pricing their loans, went up to 1.113 percent from 1.095 percent a week...
The benchmark interest rate on debt falling due in five-years rose at Tuesday's auction of the government IOUs at the Bureau of the Treasury. Investors were willing to buy as much as P56.083 billion of the five-year Treasury bonds, nearly double the government's offer of P35 billion. The rate of...
Investors pressed for an increase in Philippine benchmark interest rates for short-term loans following the US Federal Reserve’s pronouncement that it will likely begin reducing its monthly bond purchases. At Monday's auction of Treasury bills, Oct. 11, the bellwether 91-day T-bill rate, which...
Debt payments by the Philippine government declined significantly in August due to lower principal payments to domestic creditor, data from the Bureau of the Treasury showed. The national government's debt servicing reached P75.08 billion last August, 51 percent lower than the P152.39 billion paid...
The government on Friday, Oct. 8, listed its first onshore retail dollar bonds (RDBs) in the Philippine Dealing and Exchange Corp. (PDEX), bringing closer to fulfilling its twin goals of deepening the domestic capital markets and broadening financial inclusion. During the listing, Finance Secretary...
Lingering concerns over high inflation pushed up the interest rate for long-term Philippine debt papers. At a Bureau of the Treasury auction on Tuesday, Oct. 5, the yield for the seven-year Treasury bond went up to 4.207 percent from 3.75 percent last August when the IOU was last sold. Investors...
Short-term benchmark interest rates slightly rose as investors anticipated inflation last month moved at a much faster pace than the government’s target. At a Bureau of the Treasury auction on Monday, Oct. 4, the bellwether 91-day Treasury bill rate, which banks use in pricing their loans,...
Small investors who were looking for a low-risk, accessible and higher-yielding investment swamped the government’s first onshore issue of retail dollar bonds, the Bureau of the Treasury announced. Based on a report submitted by National Treasurer Rosalia V. de Leon to Finance Secretary Carlos G....
