THE Bureau of the Treasury (BTr) raised P30 billion through the sale of Treasury bonds (T-bonds) on Tuesday at rates higher than the benchmark secondary market. With a remaining term of even years and eight months, the government securities’ average yield stood at 6.249 percent. This is higher by 8.
THE Bureau of the Treasury raised P30 billion through the sale of Treasury bonds on Tuesday at rates higher than the benchmark secondary market.
This is higher by 8.9 basis points than the comparable 7-year PHP Bloomberg Valuation Service Reference Rates yield of 6.16 percent. The T-bond average auction yield also increased by 55.9 bps from an earlier rate of 5.690 percent set during the sale of the same tenor on October 15, 2024. The auction was 1.8 times oversubscribed, with total bids reaching P54.219 billion while P24.219 billion was rejected.
“The 7-year tenor at among 5.5-month highs or since July 31, 2024, largely due to possible protectionist measures by U.S. President-elect Trump,” Ricafort said.
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