BTr partially awards 5-year T-bond as rate rises
T-BOND RATE INCREASES. The average rate of the five-year Treasury bond (T-bond) increases on Tuesday (June 7, 2022) thus, the partial award amounts to PHP25.189 billion. National Treasurer Rosalia de Leon traced the increase in the debt paper's yield to another acceleration in the domestic inflation rate last May to 5.4 percent and expectations for more hikes in the policy rates of both the Bangko Sentral ng Pilipinas (BSP) and the Federal Reserve. (Photo from BTr) MANILA - The continued acceleration of the domestic inflation rate made investors demand a higher yield, which resulted in the...