The Philippine government’s total debt reached a record high of ₱16.31 trillion after the government borrowed an additional ₱261.5 billion in January. “This level remains manageable,” the Bureau of the Treasury (BTr) said in a March 4 statement, despite reporting a 1.6 percent increase in...
Looming Trump tariff hikes dampened investor demand, driving up interest rates on long-term government bonds. On Tuesday, March 4, the Bureau of the Treasury (BTr) borrowed ₱30 billion through the sale of reissued five-year bonds. Bids totaled ₱56.82 billion, nearly double the offered...
The government’s total revenue collections for 2024 reached ₱4.419 trillion, surpassing the ₱4.270 trillion target and marking the highest revenue effort in 27 years at nearly 17 percent of the gross domestic product (GDP). The budget deficit narrowed slightly by ₱5.7...
Interest rates on long-term government bonds climbed as investor appetite weakened due to concerns over US inflation risks and fewer US Federal Reserve rate cuts despite recent domestic policy boosts. On Tuesday, Feb. 25, the Bureau of the Treasury (BTr) successfully raised ₱25 billion through...
Improving market sentiment following the Philippines’ exit from the global money-laundering watchlist, coupled with expectations of monetary easing, fueled strong investor demand for the government’s short-term debt papers. At Monday’s auction on Feb. 24, the Bureau of the Treasury (BTr)...
Strong demand for government long-term debt papers drove yields lower, fueled by expectations of central bank interest rate cuts and easing US Treasury yields. On Tuesday, Feb. 18, the Bureau of the Treasury (BTr) successfully raised ₱30 billion through the auction of reissued 10-year bonds....
Investor demand for the government’s short-term debt papers stayed strong for the second week amid the central bank’s surprise interest rate pause and growing interest in long-term securities amid falling US Treasury yields. At Monday’s auction on Feb. 17, the Bureau of the Treasury (BTr)...
Long-term government debt yields fell on Tuesday, Feb. 11, amid expectations of a 25-basis-point cut in key borrowing costs by the Bangko Sentral ng Pilipinas (BSP) and easing U.S. Treasury yields. The Bureau of the Treasury (BTr) raised ₱30 billion ($540 million) through an auction of...
Despite government assurances of sound financial management, the Philippines' debt burden relative to the size of its economy increased last year due to weaker-than-expected economic growth. The Bureau of the Treasury (BTr) reported on Tuesday, Feb. 4, that the government’s total outstanding debt...
The Philippines has successfully raised $2.25 billion and €1 billion in a triple-tranche bond sale, demonstrating continued investor confidence in the country's economic prospects. The sale, totaling $2.29 billion, included 10-year and 25-year bonds denominated in US dollars, and a...
The Marcos administration is tapping into the global bond markets with a multi-tranche offering in both US dollars and euros, the Bureau of the Treasury announced on Thursday, Jan. 23. The offering includes 10-year and 25-year bonds in US dollars and a seven-year bond in euros, marking the...
Concerns over potential protectionist measures from the Trump 2.0 administration, along with expectations of fewer US Federal Reserve rate cuts in 2025, drove up demand for long-term government debt papers. On Tuesday, Jan. 14, the Bureau of the Treasury (BTr) successfully raised P30 billion...
