BENCHMARK interest rates rose across the board at Tuesday’s auction of short-dated Treasury bills.The rate on the three-month T-bill, which banks use in pricing their loans, inched up 5.3 basis points to 3.919 percent from the previous auction.
Banks were willing to buy as much as P3.760 billion of the 91-day debt papers, but the Bureau of Treasury awarded only the scheduled P1.5 billion.
The IOUs fetched 3.978 percent in the secondary market.
For the six-month T-bills, the government awarded in full the P3 billion on offer despite the P7.560 billion tenders, with the rate rising 1.8 basis points to 4.129 percent. Debt papers of the same tenor fetched 4.150 percent on the secondary market.
The auction committee however failed to award in full the P3.5- billion worth of 364-day IOUs, after banks demanded a 4.6-percent yield.
The government raised only P2 billion at 4.566 percent, which is 7.4 basis points higher than two weeks ago.
The one-year debt paper fetched 4.5 percent on the secondary market.
“The yield sought by the investors is moving sideways as compared with the secondary market, and that the investors are waiting at how the government would react if they would ask for a higher yield. But of course, we rejected it and opted for a partial award,” National Treasurer Roberto Tan said after the auction. –KATRINA MENNEN A. VALDEZ Reporter, Manila Times
September 18 –
International Equal Pay Day
“Increase wages now,
more than other cost items.
For widespread, practical equality!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the recommendations of the 2021 ILO Commission of Inquiry
against serious violations of protocols of
Forced Labour and Freedom of Association.
Accept the National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands
#Report Corruption #SearchPosts #TakePicturesVideos
October –
Monthly Observances:
Industry and Commerce Safety Month
National Statistics Month
Local Government Month
Consumer Welfare Month
Cooperative Month
National Quality and Productivity Improvement Month
National Health and Wellness Tourism Month
National Indigenous Peoples Month
Weekly Observances:
Week 1: Elderly Filipino Week
Week 2: National Health Education Week
Local Government Week
National Mental Health Week
October 17-23:
National Week for Overcoming Extreme Poverty
October 18 – 24:
United Nations Week
Last Week:
Nurses’ Week
Consumers’ Protection Week
Week of the 4th Sunday:
Barrio Farmers’ Week
Daily Observances:
First Monday (Oct 4): Universal Children’s Day i
n the Philippines
Oct 5: National Teachers’ Day
Oct 10: Local Government Day
Third Thursday (Oct 14): Conflict Resolution Day
Oct 21: Tenants’ Emancipation day
Oct 24: United Nations Day
Oct 29: National Indigenous People’s Thanksgiving Day
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