Latest Stories

T-bill rates fall across the board

Treasury bill rates fell across the board at Monday’s auction as the global uncertainty created by the downgrade of the US credit rating prompted fund holders to invest in short-term and perceivably risk-free assets like government securities.

Yield of the bellwether 91-day bills fell 23.3 basis points to 2.073 percent. Volume of bids reached P9.62 billion compared with the P2 billion that the government was selling.

The Bureau of the Treasury’s auction committee accepted only P2 billion worth of bids for the three-month securities, saying it did not see any need to raise more than originally programmed.

“The drop in the rates was a market reaction to what has happened to the US. Investors want to go for short-term and risk-free assets like T-bills,” Deputy Treasurer Eduardo Mendiola said.

Yield of the 182-day bills dropped 53.4 basis points to 2.25 percent. Bids for the six-month bills amounted to P11.08 billion, more than three times the P3 billion offered for sale. The auction committee accepted P3 billion worth of bids.

The rate for the 364-day bills settled at 2.75 percent, down 48.6 basis points. The one-year government securities attracted P13.77 billion worth of bids compared with the P4 billion on offer. The auction committee raised the full amount on schedule.

“Investors want to park money in T-bills than in other instruments. They wanted to buy more [T-bills], but there is no need for us to raise more,” Mendiola said.—Michelle V. Remo

Follow Us

Follow us on Facebook Follow on Twitter Follow on Twitter

Recent Stories:

Complete stories on our Digital Edition newsstand for tablets, netbooks and mobile phones; 14-issue free trial. About to step out? Get breaking alerts on your mobile.phone. Text ON INQ BREAKING to 4467, for Globe, Smart and Sun subscribers in the Philippines.

Tags: auction , Bonds and t-bills , Government , Philippines , treasury bill rates

Copyright © 2014, .
To subscribe to the Philippine Daily Inquirer newspaper in the Philippines, call +63 2 896-6000 for Metro Manila and Metro Cebu or email your subscription request here.
Factual errors? Contact the Philippine Daily Inquirer's day desk. Believe this article violates journalistic ethics? Contact the Inquirer's Reader's Advocate. Or write The Readers' Advocate:
c/o Philippine Daily Inquirer Chino Roces Avenue corner Yague and Mascardo Streets, Makati City, Metro Manila, Philippines Or fax nos. +63 2 8974793 to 94


  • What Went Before: Malacañang allies alleged involvement in pork scam
  • Timeline: Napoles tell-all
  • 12 senators on Napoles ‘pork’ list, says Lacson
  • Napoles surgery in Makati hospital successful
  • Save the queen? Aide takes fall for Enrile, Gigi Reyes
  • Sports

  • Mixers trim Aces; Painters repulse Bolts
  • Donaire junks Garcia as coach, taps father
  • ’Bye Ginebra: No heavy heart this time
  • UAAP board tackles new rules
  • Baguio climb to decide Le Tour de Filipinas
  • Lifestyle

  • The best flavors of summer in one bite, and more
  • Homemade yogurt, bread blended with pizza, even ramen
  • Visiting chefs from Denmark get creative with ‘ube,’ ‘ buko,’ ‘calamansi,’ mangoes
  • Salted baked potatoes
  • A first in a mall: Authentic Greek yogurt–made fresh in front of diners
  • Entertainment

  • Return of ‘Ibong Adarna’
  • Practical Phytos plans his future
  • In love … with acting
  • From prison to the peak of success
  • ‘Asedillo’ location thrives
  • Business

  • Philippine Airlines to stop shipment of shark fins
  • PH banks not ready for Asean integration
  • Stocks down on profit-taking
  • Banks allowed to use ‘cloud’
  • SMIC to issue P15-B bonds
  • Technology

  • ‘Unlimited’ Internet promos not really limitless; lawmakers call for probe
  • Viber releases new design for iPhone, comes to Blackberry 10 for the first time
  • Engineers create a world of difference
  • Bam Aquino becomes Master Splinter’s son after Wiki hack
  • Mark Caguioa lambasts Ginebra teammates on Twitter
  • Opinion

  • Editorial cartoon, April 24, 2014
  • Talking to Janet
  • Respite
  • Bucket list
  • JPII in 1981: walking a tightrope
  • Global Nation

  • PH seeks ‘clearer assurance’ from US
  • China and rivals sign naval pact to ease maritime tensions
  • What Went Before: Manila bus hostage crisis
  • Obama arrives in Tokyo, first stop of 4-nation tour
  • Believe it or not: Filipinos love US more than Yanks
  • Marketplace