The Bureau of the Treasury has scheduled two debt paper auctions next week, seeking to raise P45 billion to help fund the budgetary requirements of the government.
On Monday, the BTr will auction a total P15 billion worth of treasury bills—P5 billion each for three-, six- and 12-month tenors.
The BTr allowed treasury bill yields to rise at the auction this week, the first sale since early December. Yield on the 3-month paper rose to 5.14 percent from 4.966 percent, and that on the 182-day bill climbed to 5.578 percent from 5.267 percent while the yield on the 364-day bill climbed to 5.829 percent from 5.732 percent.
On Tuesday, the national treasury will try to raise P20 billion through the auction of 5-year treasury bonds. Five-year papers now trade at 6.00 percent in the secondary debt market.
