FULL AWARD. Bureau of the Treasury (BTr) awards the PHP10-billion, 10-year Treasury bond (T-bond) in full on Tuesday amid the hike in the debt paper's rate. National Treasurer Rosalia de Leon traced the rate uptick to similar decisions of the Bangko Sentral ng Pilipinas and the Federal Reserve. (Photo from BTr) MDM08-0524 BTr fully awards 10-yr T-bond despite rate uptick MANILA - The Bureau of the Treasury (BTr) fully awarded the re-issued 10-year Treasury bond (T-bond) on Tuesday amid the uptick in its interest rate. It offered the paper for PHP35 billion as total tenders reached PHP72.9 billion. Average rate of the debt securities rose to 6.894 percent from 6.313 percent previously. "Higher rates demanded by market for duration premium following BSP (Bangko Sentral ng Pilipinas) rate hike and expectations for similar follow up actions both from Fed (Federal Reserve) and BSP to tame inflation," National Treasurer Rosalia de Leon told journalists in a Viber message. Last
EXPECTATIONS FOR HIKE. The Bureau of the Treasury (BTr) rejects all bids for the Treasury bills (T-bills) on Monday (May 16, 2022) after investors asked for high rates. National Treasurer Rosalia de Leon attributed this development to expectations for a hike in the Bangko Sentral ng Pilipinas' (BSP) key rates on Thursday. (File photo) MANILA - Bids for Treasury bills (T-bills) were rejected across the board on Monday after investors asked for a high yield ahead of the policy meeting of the Bangko Sentral ng Pilipinas' (BSP) Monetary Board (MB). Had the auction committee awarded the debt papers, the average rate of the 91-day T-bill would have risen to 1.759 percent, the 182-day to 2.215 percent, and the 364-day to 2.828 percent. These were at 1.531 percent, 2.165 percent, and 2.329 percent for the three-month, six-month, and one-year papers during the auction last May 10. BTr offered all tenors for PHP5 billion, and most were oversubscribed. Total tenders for the 91-day T-bill
National Treasurer Rosalia de Leon MANILA - The Treasury bill (T-bill) rates rose on Monday, which resulted in the full-award only for the three-month paper. The average rate of the 91-day paper rose to 1.587 percent, the 182-day to 1.856 percent, and the 364-day to 2.137 percent. These were at 1.536 percent, 1.607 percent, and 1.792 percent for the three-month, six-month, and one-year papers during the auction last March 21. The Bureau of the Treasury (BTr) offered all tenors for PHP5 billion each, and all were oversubscribed. Total tenders for the 91-day paper reached PHP17.802 billion while it amounted to PHP9.4 billion for the six-month paper and PHP8.602 billion for the one-year securities. However, only the three-month T-bill was awarded during the day. "Market jitters continue with another round of oil price hikes and Fed (Federal Reserve) aggressive tone, including 50 bps (basis points) rate hike to tame inflation," National Treasurer Rosalia de Leon told journalists
MANILA - Concerns on the Ukraine-Russia tension and higher average domestic inflation projection for this and next year resulted in the upticks of Treasury bill (T-bill) rates on Monday. The average rate of the 91-day paper increased to 0.899 percent, the 182-day to 1.157 percent, and the 364-day to 1.568 percent. These were at 0.810 percent, 1.066 percent, and 1.475 percent for the three-month, six-month, and one-year papers during the auction last February 14. The Bureau of the Treasury (BTr) offered each tenor for PHP5 billion, and the auction committee made full awards across-the-board. Total tenders for the 91-day paper reached PHP13.314 billion, the 182-day at PHP11.49 billion; and the 364-day at PHP11.118 billion. "Rates rose following (the) upward adjustments for inflation this year and increasing tension in Ukraine," National Treasurer Rosalia de Leon told journalists in a Viber message. Last week, the Bangko Sentral ng Pilipinas (BSP) reported the increase of its av