The Bureau of the Treasury (BTr) is eyeing to raise P170 billion from the domestic market, through its issuance of treasury bills and treasury bonds for the month of May.
According to a memorandum posted by the BTr on its website yesterday, the government is programmed to borrow a total of P100 billion in treasury bills and P70 billion in treasury bonds.
The volume is the same as that in April.
The BTr will offer P25 billion in treasury bills per auction in May.
The 91-day, 182-day and 364-day treasury bills will be auctioned four times next month, or once a week, with volumes of P5 billion, P8 billion and P12 billion, respectively.
The BTr will also auction five-year and seven-year treasury bonds in May, with a volume of P35 billion for every sale.
Rosalia de Leon, national treasurer, told reporters in a Viber group yesterday the BTr has retained the previous month’s program to “build liquidity and make curve more efficient.”
“Investors biased on the belly for yield pick up without long duration risk,” de Leon said. – Angela Celis
