With continued strong demand for Bangko Sentral ng Pilipinas (BSP) 28-day bills, its average interest rate again dropped to 1.8052 percent or 2.334 basis points (bps) lower from the previous auction. The auction remained oversubscribed by 1.52x with the BSP receiving bids worth P151.50 billion...
The auction of Bangko Sentral ng Pilipinas (BSP) securities continue to be both oversubscribed but with a lower yield. On Friday, the BSP fully awarded its P90-billion 28-day offer of BSP bills. It fetched a rate 1.8286 percent versus 1.8562 percent previously. Bids reached P145.25...
The auction of the Bangko Sentral ng Pilipinas (BSP) securities or bills continued to be oversubscribed along with the downtrend in rates. BSP bills auctioned reached with P114.18 billion worth versus offer of P80 billion. The average rate for the 28-day BSP bills are still on the downtrend, it...
The central bank’s Friday auction of 28-day securities fetched a lower rate amid demand, it received P109 billion tenders versus offer of P70 billion. Bangko Sentral ng Pilipinas (BSP) Deputy Governor Francisco G. Dakila Jr. said demand for BSP bills reflects excess liquidity and market...
Rates for short-dated debt instruments rose anew at Monday’s (March 22) auction, due to lingering concerns on higher inflation. The national government accepted the bids for the 91-day Treasury bills (T-bills) at 1.336 percent, higher compared with 1.232 percent last week. Yield for the 182-day...
The Bangko Sentral ng Pilipinas’ (BSP) auction of BSP bills last Friday was 1.37 times oversubscribed and fully awarded by the central bank. BSP Deputy Governor Francisco G. Dakila Jr. said they offered and awarded in full P70 billion of 28-day BSP bills. “The weighted average interest...
The Bangko Sentral ng Pilipinas (BSP) auction of 28-day BSP bills on Friday fetched a higher yield at 1.8000 percent while still oversubscribed by 1.3 times. “The rise in the BSP bills’ rate can be attributed to market participants’ continued search for yield amid the ongoing issuance of...
The central bank’s auction of its single tenor 28-day Bangko Sentral ng Pilipinas (BSP) securities fetched a higher weighted average rate of 1.7303 percent last Friday, and fully awarding the P90 billion offer. BSP Deputy Governor Francisco G. Dakila Jr. noted that the yield was up by 6.201 basis...
Customers of Manila Electric Company (Meralco) can expect financial relief on their electric bills next month, as this is expected to be on downtrend, according to company Vice President and Spokesperson Joe Zaldarriaga. “Based on initial projections, there is a strong likelihood that power rates...
The government allowed rates of short-dated IOUs to increase at Monday’s (Feb. 22) auction, as the Bureau of the Treasury made a full award for its borrowing plan for this week. Yields of 91-, 182-, and 364-day Treasury bills (T-bills) rose across the board from last week’s levels. The...
There was strong demand for the auction of 28-day Bangko Sentral ng Pilipinas (BSP) securities last Friday as bids were 1.72x oversubscribed, according to BSP Deputy Governor Francisco G. Dakila Jr. The BSP bills also fetched a higher yield of 1.6683 percent from the previous 1.6402 percent....
The national government has successfully borrowed P24 billion in the domestic market Monday, Feb. 15 after interest rates declined across the board. At an auction, yield of 91-day Treasury bills (T-bills) averaged at 0.845 percent, slightly lower from last week’s 0.846 percent. The 182-day...
