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MORE HIKES. The 10-year Treasury bond (T-bond) rate rises on Tuesday (April 26, 2022), resulting in the partial award of the debt paper. Rizal Commercial Banking Corporation (RCBC) chief economist Michael Ricafort traced the rate increase to investors' anticipation for more hikes in the Federal Reserve's key rates. (Photo grabbed from BTr Facebook page) MANILA - The 10-year Treasury bond (T-bond) rate rose on Tuesday, resulting in the partial award of the debt paper during an auction by the Bureau of the Treasury (BTr). The average rate of the securities rose to 6.313 percent from 6.092 percent in the previous auction. The auction committee awarded PHP17.559 billion worth of debt paper from an offering of PHP35 billion. Total tenders amounted to PHP56.406 billion. Rizal Commercial Banking Corporation (RCBC) chief economist Michael Ricafort, in a reply to e-mailed questions from the Philippines New Agency, attributed the partial award "to the higher bid yields, reflecting l

San carlosNegros occidentalMichael ricafortRizal commercial banking corporationPhilippines new agencyBureau of the treasury btrFederal reserveCommercial banking corporationMore hikes the 10 year treasury bondt bond rate rises on tuesday april 26Esulting in the partial award of debt paper rizal commercial banking corporation rcbc chief economist michael ricafort traced rate increase to investors 39 anticipation for more hikes federal reserve 39s key rates photo grabbed from btr facebook page manila 10 year treasury bondt bond rose on tuesdayEsulting in the partial award of debt paper during an auction by bureau treasury btr average rate securities rose to 6 313 percent from 092 previous committee awarded php17 559 billion worth offering php35 total tenders amounted php56 406 rizal commercial banking corporation rcbc chief economist michael ricafortNa reply toe mailed questions from the philippines new agencyTtributed the partial award quot to higher bid yieldsEflecting less need for the government to borrow locally after recent foreign borrowings bond sales and seasonal increase in tax revenue collections april as election is than two weeks away quot higher us global yields may have prompted bid amid more aggressive fed rate signalsIth the widely expected 0 50 fed rate hike on may 400 fed rate hikes by september 2022