Demand for T-bills low as rates’ rise sustained

Quick Summary:

THE Bureau of the Treasury (BTr) fully awarded and even upsized to P22.6 billion the Treasury bills (T-bill) it offered amid lower demand and continuous rise of interest rates across the board for the seven straight week.

Meanwhile, it will offer 5-year tenor Treasury bonds (T-bonds) amounting to P15 billion the next day, November 26.

The average yield for the 182-day T-bill rose to 5.862 percent, 11-bps higher than the 5.752 percent set at the previous auction for the security.

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Article Details

Author / Journalist: Reine Juvierre S. Alberto

Category: BusinessStartups

Markets: Philippines

Topics: Rate T-bill Bids Percent 182-day Tenor Auction Rates Treasury Average Billion

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-18 @ 16:04:00 (18 hours ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 656 words

Reading Time: 4 minutes read

Sentences: 27 lines

Sentence Length: 25 words per sentence (average)

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

Copyright Owner: © Business Mirror

News ID: 23667732

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