None
EN
Bond yields move sideways as market sees less hawkish BSP
[]
BusinessWorld Online
THE GOVERNMENT made a full award of the Treasury bonds (T-bonds) it offered on Tuesday as rates were aligned with secondary market levels, with the market expecting a less hawkish stance from the Bangko Sentral ng Pilipinas (BSP) amid slowing economic growth.
The full award brought the outstanding volume for the bond series to P269.5 billion, it added.
The reissued papers, which have a remaining life of seven years and six days, were awarded at an average rate of 7.182%, with accepted yields from 7.1% to 7.22%.
Government debt yields were trading slightly higher on Tuesday amid weak market activity due to geopolitical concerns, the trader added.
The BTr plans to raise P330 billion from the domestic market this month, or P200 billion via Treasury bills and P130 billion through T-bonds.