RATES of government securities on offer this week could be broadly steady and track secondary market yields amid the release of US consumer inflation data and its expected effect on the US Federal Reserve’s policy decision later this month. READ:
RATES of government securities on oer this week could be broadly steady and track secondary market yields amid the release of US consumer inect on the US Federal Reserve’s policy decision later this month.P15 billion in Treasury bills on Monday, made up of P5 billion each in 91-, 182-, and 364-day papers.
UnionBank of the Philippines, Inc. Chief Economist Ruben Carlo O. Asuncion said the 20-year bond may fetch yields of 7% to 7.5% amid strong demand for the papers.ation data released last week. Rizal Commercial Banking Corp. Chief Economist Michael L. Ricafort also said T-bill rates may rise while the T-bonds on oer on Tuesday may fetch lower yields, tracking their week-on-week movement in the secondary market.
At the secondary market on Friday, the 91- 182- and 364-day T-bills were quoted at 4.3887%, 5.0447%, and 5.413%, respectively, based on the PHP Bloomberg Valuation Service Reference Rates published on the Philippine Dealing System’s website.Last week, the government raised P14.75 billion from the T-bills it auctioned oBroken down, the Treasury raised P5 billion as planned via the 91-day T-bills with tenders reaching P11.875 billion. The average rate of the three-month paper went up by 7.