Business NEWS

The government will sell P30 billion, its first retail Treasury bond (RTB) for the year catering to small Filipino savers, the Bureau of the Treasury announced.

Lingering concerns over high inflation in the United States and Federal Reserve’s future action pushed up the interest rate for long-term Philippine debt papers.

Short-term rates move sideways

The interest rate for long-term Philippine debt papers dropped to 4.089 percent from the 4.564 percent in December last year amid lingering anticipation over unwinding monetary policies in the United States.

The Philippines incurred more debt last year, hitting nearly P12 trillion.

Philippine benchmark interest rates for short-term loans dipped amid expectations of slower inflation rate.

The benchmark interest rate on debt falling due in August 2028 rose at Tuesday’s auction of the government IOUs at the Bureau of the Treasury.

Benchmark interest rates declined anew as investors await the US Federal Reserve’s meeting.

Debt servicing by the Philippine government jumped 203 percent in November due to higher interest and principal payments, data from the Bureau of the Treasury revealed.

Lingering anticipation over unwinding monetary policies in the United States pushed up the interest rate for long-term Philippine debt papers.

Benchmark interest rates declined across the board at Monday’s auction as inflation began showing signs of cooling down and investors await the policy tightening by the US Federal Reserve.

The Philippines managed to cut new borrowings in November last year due to significantly lower financing from domestic creditors.

The Bureau of the Treasury said the government has established its sustainable finance framework to support the country’s sustainability commitments.

Short-term benchmark interest rates dipped after inflation slowed in December 2021.

The amount of subsidy the Duterte administration extended to government owned and controlled corporations (GOCCs) was slashed by nearly half in November 2021 and bulk of it went only to three state-run companies.

The government rejected all bids for long-term debt papers as investors sought a higher yield.

Short-term benchmark interest rates dipped as investors anticipated slower inflation following the implementation of fuel price rollbacks in December, the Bureau of the Treasury said on Monday, Jan. 3.

The national government’s debt declined last month due to repayments and favorable foreign exchange, the Bureau of the Treasury reported on Wednesday, Dec. 29.