T-bill yields rise on widening budget deficit

Q: How long will it take to read this news story?

The story "T-bill yields rise on widening budget deficit" has 682 words across 24 sentences, which will take approximately 3 - 6 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "T-bill yields rise on widening budget deficit" was covered 17 hours ago by Business Mirror, a news publisher based in Philippines.

Q: How trustworthy is 'Business Mirror' news outlet?

Business Mirror is a fully independent (privately-owned) news outlet established in 2005 that covers mostly business and startups news. The outlet is headquartered in Philippines and publishes an average of 68 news stories per day. It's most recent story was published 12 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #28397236</li><li>URL: https://nieruchomosci.beamstart.com/news/t-bill-yields-rise-on-17464459842943</li></ul>

Business Mirror Logo Business Mirror 17h ago

T-bill yields rise on widening budget deficit - Business Mirror

Quick Summary:

THE Bureau of the Treasury (BTr) managed to raise P25 million from short-term debt papers on Monday amid average yields rising across the board after the government’s budget deficit widened in March.

The PHP BVAL reference rates are 5.514 percent for the three-month tenor, 5.671 percent for the six-month tenor and 5.718 percent for the one-year tenor.

Rizal Commercial Banking Corp.(RCBC) Chief Economist Michael L.Ricafort said the P375.7-billion deficit in March would require the Marcos administration to ramp up domestic borrowings, leading to a higher supply of government securities, such as Treasury bills (T-bills).