News Formal

T-bill bids rejected as market asks for higher rates - BusinessWorld Online

  • 📰 bworldph
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 68%

日本 ニュース ニュース

日本 最新ニュース,日本 見出し

THE BUREAU of the Treasury (BTr) rejected all bids for its offer of Treasury bills (T-bills) as investors asked for higher yields as the US Federal Reserve chief said US rates could remain elevated for longer. READ

The BTr did not award any T-bills on Tuesday even as tenders reached P17.289 billion, higher than the BTr’s plan to raise P15 billion through the short-term papers.

Lastly, the government turned down all tenders for the 364-day debt paper as demand stood at only P2.934 billion, below the P5-billion offer. Had the Treasury accepted these bids, the average yield on the one-year instrument would have jumped by 61.7 bps to 4.399% from the 3.782% fetched previously. “The Auction Committee decided to reject all bids for the Treasury bills as rates increased and trended above secondary market levels across all tenors,” the Treasury said in a statement.

このニュースをすぐに読めるように要約しました。ニュースに興味がある場合は、ここで全文を読むことができます。 続きを読む:

 /  🏆 9. in JP
 

コメントありがとうございます。コメントは審査後に公開されます。

日本 最新ニュース, 日本 見出し

Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。

RLC listing signals debt market’s recovery — PDEx - BusinessWorld OnlinePHILIPPINE Dealing & Exchange Corp. (PDEx) said that the return of Robinsons Land Corp. (RLC) to the securities market signals recovering confidence in debt issuances. READ
ソース: bworldph - 🏆 9. / 68 続きを読む »