Bond rates climb on lower demand

Quick Summary:

RATES for the reissued 20-year Treasury bonds (T-bonds) climbed by 23.4 basis points (bps) to 6.095 percent on lower demands during Tuesday’s public auction.

Yields for the long-term debt papers ranged from a low of 6.048 percent to a high of 6.120 percent with a coupon rate of 6.875 percent.

Ricafort added that pro-US economic policies such as tax cuts and economic stimulus could lead to wider budget deficits in the world’s largest economy.

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Article Details

Author / Journalist: Reine Juvierre S. Alberto

Category: BusinessStartups

Markets: Philippines

Topics: Rate Auction Offering Tenor Percent Government Treasury November Billion Ricafort 2024

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-12 @ 12:53:06 (1 days ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 488 words

Reading Time: 3 minutes read

Sentences: 21 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 23554310

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Main Topics: BusinessStartups

Official Website: businessmirror.com.ph

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News Last Updated: 8 hours ago

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