THE NATIONAL Government plans
For the long-term tenors, BTr is looking to raise P35 billion in three-year T-bonds on May 31; P35 billion inve-year debt papers on June 7; P35 billion in seven-year instruments on June 14; P35 billion in 10-year securities on June 21; and in seven-year papers again on June 27. A trader said in an e-mailed message that he does not expect the Treasury to scale down its scheduled borrowings in the coming months.
“With this, and this month’s CPI focus for June, [the] market will continue to be defensive moving forward.”