{"id":278650,"date":"2020-12-15T01:13:44","date_gmt":"2020-12-15T06:13:44","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=278650"},"modified":"2020-12-15T01:22:41","modified_gmt":"2020-12-15T06:22:41","slug":"t-bills-rise-on-expectations-bsp-wont-change-key-rates","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2020\/12\/15\/t-bills-rise-on-expectations-bsp-wont-change-key-rates\/","title":{"rendered":"T-bills rise on expectations BSP won\u2019t change key rates"},"content":{"rendered":"<figure id=\"attachment_151970\" aria-describedby=\"caption-attachment-151970\" style=\"width: 960px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2018\/02\/BSP.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-151970\" src=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2018\/02\/BSP.jpg\" alt=\"\" width=\"960\" height=\"638\" srcset=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2018\/02\/BSP.jpg 960w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2018\/02\/BSP-300x199.jpg 300w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2018\/02\/BSP-768x510.jpg 768w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2018\/02\/BSP-20x13.jpg 20w\" sizes=\"auto, (max-width: 960px) 100vw, 960px\" \/><\/a><figcaption id=\"caption-attachment-151970\" class=\"wp-caption-text\">The average rate of the 91-day paper rose to 1.022 percent and the 182-day paper to 1.400 percent but the rate of the 364-day paper slipped to 1.686 percent. (<a href=\"https:\/\/www.facebook.com\/BangkoSentralngPilipinas\/photos\/a.335647726499063.76156.154917097905461\/997366883660474\/?type=1&amp;amp;theater\">File Photo: Bangko Sentral ng Pilipinas\/Facebook<\/a>)<\/figcaption><\/figure>\n<div dir=\"auto\"><strong>MANILA<\/strong> \u2013 The rates of three and six-month Treasury bills (T-bills) rose Monday partly on expectations of unchanged Bangko Sentral ng Pilipinas\u2019 (BSP) key rates during the meeting of the Monetary Board (MB) this week.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">The average rate of the 91-day paper rose to 1.022 percent and the 182-day paper to 1.400 percent but the rate of the 364-day paper slipped to 1.686 percent.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">These were at 1.015 percent, 1.399 percent, and 1.695 percent during the auction last Dec. 7.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">The Bureau of the Treasury (BTr) fully awarded all tenors at PHP5 billion each for the three- and six-month securities, and PHP10 billion for the one-year.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">Bids for the 91-day paper amounted to PHP16.218 billion while it was PHP14.84 billion for the 182-day and PHP44.943 billion for the 364-day.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">In a Viber message to journalists, National Treasurer Rosalia de Leon said they did not open the tap facility during the day despite the oversubscription.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">\u201c(There was) minimal movement in rates as (the) market sees MB on a stay mood for Thursday\u2019s policy meeting,\u201d she said, referring to the last rate setting meet of the central bank\u2019s policy-making board for the year.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">To date, the MB has slashed the central bank\u2019s key policy rates by a total of 200 basis points to help buoy the domestic economy, which has been in recession since the first quarter of this year due to the pandemic.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">\u201cLiquidity (is) bountiful with more than adequate bid cover across tenors,\u201d de Leon added.<em><strong>\u00a0<\/strong><\/em><\/div>\n","protected":false},"excerpt":{"rendered":"<p>MANILA \u2013 The rates of three and six-month Treasury bills (T-bills) rose Monday partly on expectations of unchanged Bangko Sentral &hellip;<\/p>\n","protected":false},"author":33,"featured_media":151970,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"class_list":["post-278650","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\/278650","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=278650"}],"version-history":[{"count":2,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/278650\/revisions"}],"predecessor-version":[{"id":278671,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/278650\/revisions\/278671"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/151970"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=278650"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=278650"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=278650"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}