Business NEWS

The national government increases by 25 percent its borrowing plan for June as the debt market braces for more interest rate hikes by the Bangko Sentral ng Pilipinas (BSP) this year.

Investors continued to press for an increase in Philippine benchmark interest rates for short-term loans.

Benchmark interest rates rose across the board at Monday’s auction of short-term government debt papers on the back of higher consumer prices.

Lingering uncertainties over aggressive tightening in the US and domestically pushed up most of the interest rates for short-term Philippine debt papers.

The national government raised P15 billion through the sale of short-dated debt papers.

After more than a month of partial award, the Bureau of the Treasury has finally made a full award of its short-term borrowing program as interest rates eased across the board.

The Duterte administration will sell fresh debt papers to overseas investors, including the government’s maiden green bond issue, a document from the Bureau of the Treasurer revealed.

Following two consecutive weeks of failed domestic borrowings, the national government made a partial award of the short-dated debt papers despite still elevated interest rates.

Local short-term interest rates accelerated following Russia’s full-scale invasion of neighboring Ukraine.

Benchmark short-term interest rates rose on the back of higher inflation forecast of the Bangko Sentral ng Pilipinas (BSP) and concerns surrounding Ukraine.

Investors pressed anew for an increase in Philippine benchmark interest rates for short-term loans.

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

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 short-term benchmark interest rates went sideways.

Short-term benchmark interest rates moved sideways amid Omicron threat.

Benchmark yields moved sideways amid expectations of higher interest rates following the US Federal Reserve’s decision to begin its stimulus tapering.

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.

Investors pressed anew for an increase in Philippine benchmark interest rates for short-term loans.