BW FILE PHOTOer this week are expected to rise following the Bangko Sentral ng Pilipinas’ surprise hike on Thursday.
On Tuesday, the BTr will auction off P35 billion in 10-year Treasury bonds with a remaining life of nine years and 11 months. “We also saw that even with [Thursday’s] 75-basis-point hike, yields did not move higher proportionately, indicating that current yields present enough buffer from the tightening and some future rate hikes.
Rizal Commercial Banking Corp. Chief Economist Michael L. Ricafort likewise said yields on the debt papers to be auctioned o-cycle review.
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