The benchmark interest rate on debt falling due in almost 12 years rose at an auction of the government IOUs at the Bureau of the Treasury on Tuesday, Nov. 15.
The interest rate of the 25-year IOUs, with a remaining life of 11 years and nine months, fetched 8.168 percent, lower than the original c
THE national government bit the bullet on Tuesday to raise P26.139 billion in Treasury bonds (T-bonds) as investors demanded higher yield in anticipation of another rate hike by monetaryauthorities. The Bureau of the Treasury (BTr) awarded three-fourths of its P35-billion T-bond offering that had a remaining life of 12 years…
DESPITE a challenging environment, the Bangko Sentral ng Pilipinas (BSP) said the country’s credit card payments have increased 20 percent as of July this year. In a speech at the 42nd Anniversary of the Credit Card Association of the Philippines (CCAP), Central Bank Governor Felipe M. Medalla said the credit…