T-bill sales bag ₱77.6B for govt as rates rise

Quick Summary:

THE national government generated a total of P77.6 billion from the sale of Treasury bills (T-bills) in November despite interest rates for the securities increasing weekly.

Bids for the 182-day tenor reached P14.745 billion with the auction committee awarding the full P5 billion.

Treasury bill (T-bill) rates continued to rise for the eighth straight week, mostly higher than the PHP BVAL benchmarks, amid anticipation of higher inflation caused by the volatility of the peso and the impact of recent typhoons on the economy.

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Article Details

Author / Journalist: Reine Juvierre S. Alberto

Category: BusinessStartups

Markets: PhilippinesIsraelUkraine

Topics: Higher Inflation Interest Billion Rate Rates Treasury Percent T-bill Tenor Auction

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-25 @ 16:04:00 (17 hours ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 586 words

Reading Time: 4 minutes read

Sentences: 24 lines

Sentence Length: 25 words per sentence (average)

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

Copyright Owner: © Business Mirror

News ID: 23838758

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About Business Mirror

Main Topics: BusinessStartups

Official Website: businessmirror.com.ph

Update Frequency: 64 posts per day

Year Established: 2005

Headquarters: Philippines

News Last Updated: 17 hours ago

Coverage Areas: Philippines

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Publisher ID: #37

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