However, she said the government has yet to finalize the tenors of the debt papers to be floated. Rates for the six month debt papers averaged 4.238 percent, 48.5 basis points down from 4.723 percent last June 25. Lastly, the 364-day debt notes fetched an average rate of 4.736 percent, 25 basis points lower than the June 25 level of 4.986 percent. This was coupled with the limited supply in debt papers, as the BTr cut the volume of securities to be floated this third quarter. “We have downsized our T-bills issuance so the demand is higher but supply is lower,” she said.

Source: Philippine Star July 08, 2019 16:00 UTC