BTr raises ₱30B as asking yields for T-bonds lower

Quick Summary:

THE Bureau of the Treasury (BTr) borrowed P30 billion from the domestic debt market through the sale of Treasury bonds (T-bonds) amid lower investor asking yields.

Offers made by investors for the yield ranged from a low of 6.180 percent to a high of 6.223 percent.

Ricafort said the T-bond yields fared better than the PHP BVAL yield after the US Federal Reserve (Fed) and local monetary authorities issued dovish signals.

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Article Details

Author / Journalist: Reine Juvierre S. Alberto

Category: BusinessStartups

Markets: Philippines

Topics: T-bonds 2024 Lower Yield Ricafort Auction Rate Treasury Average Billion Percent

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-16 @ 16:06:00 (18 hours ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 463 words

Reading Time: 3 minutes read

Sentences: 15 lines

Sentence Length: 31 words per sentence (average)

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

Copyright Owner: © Business Mirror

News ID: 21654994

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Main Topics: BusinessStartups

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