{"id":15876,"date":"2014-06-18T21:38:41","date_gmt":"2014-06-18T13:38:41","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=15876"},"modified":"2014-06-18T21:38:41","modified_gmt":"2014-06-18T13:38:41","slug":"t-bonds-soar-on-rising-interest-rate-expectation","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2014\/06\/18\/t-bonds-soar-on-rising-interest-rate-expectation\/","title":{"rendered":"T-bonds soar on rising interest rate expectation"},"content":{"rendered":"
\"ShutterStock<\/a>
ShutterStock image<\/figcaption><\/figure>\n

MANILA — On expectations that interest rates will rise ahead of the\u00a0\u00a0Monetary Board\u2019s policy meeting this week, the country’s yield on six-year Treasury bonds (T-bonds) went soaring yesterday.\u00a0<\/span><\/p>\n

The interest rate averaged at \u00a03.511 percent, up\u00a0\u00a0 51.4 basis points from the average rate of 2.997 percent during the auction of \u00a0the Bureau of Treasury.\u00a0<\/span><\/p>\n

The bonds went as high of\u00a0\u00a03.575 percent and a low of P3.35 percent as the issue attracted\u00a0P48.945 billion worth of bids \u00a0nearly doubling the\u00a0the P25 billion on offer.<\/span><\/p>\n

\u201cWe can afford to reject because we\u2019re sitting on a mountain of cash and this is due to good cash management. \u00a0We\u2019re spending less for interest payments,\u201d said National Treasurer Rosalia De Leon.<\/span><\/p>\n

This was after they have decided to \u00a0accept only\u00a0P18.845 billion.<\/span><\/p>\n

De Leon explained that before firming up its borrowing program, they still have to wait for the outcome of the US Federal Reserve’s meeting and the Bangko Sentral ng Pilipinas’ policy meeting.<\/p>\n

\u201cWe haven\u2019t really decided in terms of the tenor and volume.\u00a0 We need to see first if spending is going to accelerate.\u00a0 We may reduce depending on the outcome of the meeting,” she added.<\/span><\/p>\n

Auctions are regularly conducted by the government to meet the expenditure needs of the country.<\/p>\n

With reports from Zinnia Dela\u00a0Pena\u00a0<\/em><\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

MANILA — On expectations that interest rates will rise ahead of the\u00a0\u00a0Monetary Board\u2019s policy meeting this week, the country’s yield …<\/p>\n","protected":false},"author":44,"featured_media":11887,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[5604,5603],"class_list":["post-15876","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-interest-rate-increase","tag-treasury-bonds","mauthors-lei-fontamillas","mauthors-philippine-canadian-inquirer"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/15876","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=15876"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/15876\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/11887"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=15876"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=15876"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=15876"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}