National Treasury awards in full P30B worth 10Y bonds in auction

The National Treasury awarded in full the P30 billion worth of Treasury bonds (T-bonds) due in August 2033, with total tenders at the Tuesday auction over 1.6 times the offered amount.

The bond was originally issued in August as a 10-year bond at a coupon of 6.625 percent.

Total tenders reached P48.9 billion. With the full award, the outstanding volume of the series increased to P90 billion.

Yield on government securities have been rising in anticipation of further monetary policy tightening by the Bangko Sentral ng Pilipinas on account for rising inflation.

In the secondary market, 10-year debts were quoted Tuesday 1.49 basis points higher at 6.632 percent.