{"id":176625,"date":"2018-08-14T03:15:08","date_gmt":"2018-08-14T07:15:08","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=176625"},"modified":"2018-08-14T03:15:08","modified_gmt":"2018-08-14T07:15:08","slug":"ph-t-bill-rates-bsp-rate-hike","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2018\/08\/14\/ph-t-bill-rates-bsp-rate-hike\/","title":{"rendered":"PH T-bill rates down after BSP rate hike"},"content":{"rendered":"<figure id=\"attachment_145122\" aria-describedby=\"caption-attachment-145122\" style=\"width: 960px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2018\/01\/Bureau-of-the-Treasury.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-145122\" src=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2018\/01\/Bureau-of-the-Treasury.jpg\" alt=\"\" width=\"960\" height=\"720\" srcset=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2018\/01\/Bureau-of-the-Treasury.jpg 960w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2018\/01\/Bureau-of-the-Treasury-300x225.jpg 300w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2018\/01\/Bureau-of-the-Treasury-768x576.jpg 768w\" sizes=\"auto, (max-width: 960px) 100vw, 960px\" \/><\/a><figcaption id=\"caption-attachment-145122\" class=\"wp-caption-text\">The Bureau of the Treasury (BTr) offered the debt paper for PHP4 billion and tenders were nearly thrice at PHP11.665 billion. The auction committee made a full award. (File <a href=\"https:\/\/www.facebook.com\/TreasuryPh\/photos\/a.395117347304622.1073741828.393131720836518\/395117317304625\/?type=3&amp;amp;theater\">Photo<\/a>: <a href=\"https:\/\/www.facebook.com\/TreasuryPh\/\">Bureau of the Treasury\/Facebook<\/a>)<\/figcaption><\/figure>\n<p><strong>MANILA<\/strong>\u00a0&#8212; The rate of government-issued Treasury bills (T-bills) fell across the board Monday, which National Treasurer Rosalia De Leon quickly attributed to lesser uncertainties following another hike in central bank&#8217;s key rates last week.<\/p>\n<p>On August 9, 2018, the Bangko Sentral ng Pilipinas\u2019 (BSP) policy-making Monetary Board (MB) hiked the central bank\u2019s key rates by 50 basis points. This now brings the overnight reverse repurchase (RRP) facility to four percent.<\/p>\n<p>With this, rate of the benchmark 91-day T-bill fell to 3.244 percent from last week\u2019s 3.290 percent. Rate of the same tenor in the secondary market is higher at 3.6379 percent Monday morning.<\/p>\n<p>The Bureau of the Treasury (BTr) offered the debt paper for PHP4 billion and tenders were nearly thrice at PHP11.665 billion. The auction committee made a full award.<\/p>\n<p>Rate of the 182-day bill averaged at 4.117 percent, down against the previous week\u2019s 4.186 percent and lower than the secondary market\u2019s 4.3750 percent earlier in the day.<\/p>\n<p>The auction committee also made a full award of PHP5 billion after tenders reached PHP20.910 billion.<\/p>\n<p>The one-year T-bill rate averaged at 4.892 percent, a decline from 4.899 percent during the auction last August 6. Rate of this tenor in the secondary market Monday morning is lower at 4.8430 percent.<\/p>\n<p>Tenders reached PHP16.831 billion, higher than the 6 billion offering. This tenor was also awarded in full.<\/p>\n<p>De Leon said the high liquidity situation along with the BSP rate hike last week has a \u201ccalming effect\u201d among market players, thus, the decline in the T-bill rates.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MANILA\u00a0&#8212; The rate of government-issued Treasury bills (T-bills) fell across the board Monday, which National Treasurer Rosalia De Leon quickly &hellip;<\/p>\n","protected":false},"author":33,"featured_media":145122,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"class_list":["post-176625","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","mauthors-joann-villanueva","mauthors-philippine-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/176625","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\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=176625"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/176625\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/145122"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=176625"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=176625"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=176625"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}