Philippine Treasury bill and bond yields may decline due to dovish comments from Finance Secretary Ralph G. Recto.
Philippine Treasury bill and bond yields may decline this week following dovish comments from Finance Secretary Ralph G. Recto. The Bureau of the Treasury plans to auction ₱20 billion in T-bills and ₱15 billion in T-bonds, with yields potentially ranging from 5.5% to 5.6%. A recent trend shows a drop in T-bill yields, attributed to lower interest rates and easing inflation, while the government aims to borrow ₱145 billion in October to meet fiscal needs.
September 29, 2024
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