NextGen Day

A PHP35 billion treasury bond (T-bond) offering by the Bureau of the Treasury (BTr) was completely granted on Tuesday, despite the fact that the domestic inflation rate has slowed, resulting in a reduced interest rate for the seven-year T-bond.

When the debt paper was first issued in April, the average rate was 3.576 percent, which was lower than the coupon rate of 3.625 percent that was established at the time of the first sale.

As a result, the average interest rate on the debt paper is 10.9 basis points lower than the rate of 3.685 percent that it obtained at its last auction last month.

The total amount of tenders received was PHP61.17 billion.

In a Viber message to journalists, National Treasurer Rosalia de Leon partially ascribed the decline in the rate of the T-bond to the slowing of domestic inflation, which fell to 4.1 percent in June from 4.5 percent in the preceding three months, according to the message.

She also said that the inflation figure for last month was lower than the consensus estimate of 4.3 percent.

“The rate is consistent throughout secondary levels,” she said.

Save/Share this story with QR CODE

---

Disclaimer

This article is for informational purposes only and does not constitute endorsement of any specific technologies or methodologies and financial advice or endorsement of any specific products or services.

📩 Need to get in touch?

📩 Feel free to Contact NextGenDay.com for comments, suggestions, reviews, or anything else.

---

We appreciate your reading. 😊Simple Ways To Say Thanks & Support Us:
1.) ❤️GIVE A TIP. Send a small donation thru Paypal😊❤️
Your DONATION will be used to fund and maintain NEXTGENDAY.com
Subscribers in the Philippines can make donations to mobile number 0917 906 3081, thru GCash.
3.) 🛒 BUY or SIGN UP to our AFFILIATE PARTNERS.
4.) 👍 Give this news article a THUMBS UP, and Leave a Comment (at Least Five Words).

---

AFFILIATE PARTNERS

World Class Nutritional Supplements - Buy Highest Quality Products, Purest Most Healthy Ingredients, Direct to your Door! Up to 90% OFF.
Join LiveGood Today - A company created to satisfy the world's most demanding leaders and entrepreneurs, with the best compensation plan today.

---