National Treasurer Rosalia de Leon
MANILA – Rate of the government’s 10-year treasury bond (T-bond) slipped Tuesday as demand remained high.
Average interest rate of the debt instrument, originally issued last July, declined to 2.724 percent from 2.875 percent it fetched as a coupon rate when it was first auctioned.
“Very deep liquidity and search for high yields drive duration interest,” National Treasurer Rosalia de Leon told journalists in a Viber message.
The Bureau of the Treasury (BTr) offered the debt paper for PHP30 billion, and made a full award. Tenders amounted to PHP54.7 billion.
It offered the same tenor over the tap facility for PHP10 billion but did not receive any bids.
The agency also did not receive any interest for the one-year treasury bill (T-bill) offered through the tap facility for PHP5 billion on Monday, de Leon said. (PNA)
