Treasury bill yields ended mixed at Monday's auction as easing headline inflation pulled down rates on shorter-dated securities, while persistent inflation risks and geopolitical uncertainty kept upward pressure on one-year debt.
Investor appetite for short-term government securities remained robust on Monday, allowing the Bureau of the Treasury (BTr) to fully award its Treasury bill (T-bill) and Cash Management Bill (CMB) offerings despite mixed movements in yields amid easing geopolitical tensions and moderating inflation expectations.
Investors flocked to shorter-dated government securities on Monday as rising yields and weak appetite for longer tenors reflected expectations of further monetary tightening amid surging inflation and persistent geopolitical uncertainty.
Yields on Treasury bills were mixed at Monday’s auction, as strong investor demand built up over the past two weeks pulled down rates for shorter-dated securities, while longer tenors edged higher despite selective bid rejections, underscoring lingering uncertainty in the market.
The Bureau of the Treasury is set to raise as much as P784 billion in the second quarter through auctions of Treasury bills and bonds, stepping up funding efforts as global risks threaten to complicate the country’s fiscal and monetary outlook.
The Philippines must do more than sign trade deals—it must help smaller businesses turn them into export sales, Philippine Exporters Confederation Inc. (PhilExport) President Sergio Ortiz-Luis Jr. said.
The Department of Agriculture is urging lawmakers to approve its P198.4-billion proposed 2027 budget, noting farmers and fisherfolk now face rising costs, climate risks, and global economic pressures.
The Department of Energy will proceed with its updated bidding rules for brownfield coal resource areas despite opposition from key industry player Semirara Mining and Power Corp. Energy Secretary Sharon Garin affirmed that the revised terms will apply uniformly to all prospective bidders, as the government seeks to prioritize domestic fuel supply over foreign exports.
The Department of Trade and Industry (DTI) said Wednesday that the proposed plant would have an initial annual production capacity of 200,000 units, serving both domestic and export markets. Construction is targeted to begin in the first quarter of 2027, with completion expected within 12 to 18 months.