BusinessWorld
May 10, 2021 | 12:06 am
BW FILE PHOTO
THE RATES of Treasury bills (T-bills) on offer on Monday could decline further as investors await the release of first-quarter gross domestic product (GDP) data.
The Bureau of the Treasury (BTr) is looking to raise P25 billion via its offering of T-bills on Monday, broken down into P5 billion from 91-day debt, P8 billion via the 182-day papers and P12 billion from the 364-day securities.
T-bill yields could decline by 5 to 10 basis points (bps) from their week-ago levels, analysts said.
“Expect bond yields to drift lower as expectations for GDP growth and inflation become more subdued with the lockdown taking its toll on business recovery forecasts,” Noel S. Reyes, first vice-president and chief investment officer at Security Bank Corp., said via Viber on Friday.
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