INQUIRER FILE PHOTO
MANILA – The Bureau of the Treasury (BTR) announced today that it has raised P10.6 billion from the auction of Treasury bills (T-bills). This comes amidst rising yields, influenced by the hawkish signals from the United States Federal Reserve and recent decisions made by the Bangko Sentral ng Pilipinas.
The BTR fully awarded its 91-day offering, securing P5 billion at an average rate of 6.0866 percent, which is higher than the previous week’s rate of 6.029 percent.
Meanwhile, the auction committee partially awarded the bids for the 183-day and 365-day peso-denominated fixed income securities, raising P2.97 billion and P2.61 billion, respectively.
The six-month IOU fetched an interest rate of 6.144 percent, while the one-year debt paper reached a rate of 6.219 percent.
In total, the auction was 1.2 times oversubscribed, attracting P17.6 billion in total tenders.
According to Rizal Commercial Banking Corp. chief economist Michael Ricafort, these slightly higher auction yields have
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Omprakash Tiwary is a business writer who delves into the intricacies of the corporate world. With a focus on finance and economic landscape. He offers readers valuable insights into market trends, entrepreneurship, and economic developments.
Denial of responsibility! Samachar Central is an automatic aggregator of Global media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, and all materials to their authors. For any complaint, please reach us at – [email protected]. We will take necessary action within 24 hours.
