6-month, 1-yr T-Bill rates rise ahead of inflation data


Posted at Feb 04 2013 04:41 PM | Updated as of Feb 05 2013 12:41 AM

MANILA, Philippines - The interest rates on Philippine Treasury bills rose in an auction today ahead of inflation data due on Tuesday. 

The 91-day T-bill was unchanged at 0.05%, its lowest rate on record from a January 7 auction.

But longer-dated T-bills, the 6-month and 1-year debts, fetched higher rates at 0.33% and 0.768% respectively.

A BusinessWorld poll of bond traders showed T-bill rates should pick up after the Bangko Sentral said inflation stayed low in January, bolstering expectations there will be no more rate cuts. - ANC