The Bureau of the Treasury (BTr) last Tuesday partially awarded P22.85 billion in reissued 7-year Treasury bonds (T-bonds) out of the total P35 billion it sought to raise.
THE Bureau of the Treasury last Tuesday partially awarded P22.85 billion in reissued 7-year Treasury bonds out of the total P35 billion it sought to raise.
Last week, Bank of the Philippine Islands Lead Economist Emilio S. Neri Jr. surmised that monetary authorities will pull off another off-cycle rate hike this month even if there is no scheduled meeting for October of the BSP Monetary Board. This is in the wake of the next Federal Open Market Committee meeting in early November, when another 75-basis points increase is expected, Neri wrote in a commentary released last September 27.
The average yield on the reissued government securities were 19.5-basis points higher than the 5.551 percent pegged by the Bloomberg Valuation Service Reference Rates for a 3-year T-bond.
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