RATES of the Treasury bills andcould track secondary market levels on expectations of ample demand from the market and ahead of the release of JanuaryP15 billion in T-bills on Monday, made up of P5 billion each in 91-, 182-, and 364-day papers.er of 5.5-year retail Treasury bonds on Tuesday, from which it is looking to raise at least P30 billion.
UnionBank of the Philippines, Inc. Chief Economist Ruben Carlo O. Asuncion said in a report that the consumer price index report for January “would give risk appetite another shot in the arm after the dovish FOMC meeting last week.” If realized, this will be slower than the 14-year high of 8.1% in December 2022 but faster than the 3% print seen in January 2022 and the central bank’s 2-4% target.
The government also made a full P5-billion award of the 182-day securities as bids for the papers reached P17 billion. The six-month tenor was quoted at an average rate of 4.875%, declining by 3.7 bps, with accepted rates at 4.858% to 4.888%.