SOGEI website background

Seven-year T-bonds to fetch higher rates

Yields on reissued Treasury bonds (T-bonds) on offer today will likely pick up ahead of the policy meeting of the US Federal Reserve. The Bureau of the Treasury is offering P10 billion in reissued seven-year T-bonds with a remaining life of six years and 10 months. “For the T-bonds, we expect the rates to pick up by around 10 basis points from the previous auction,” a trader said in a phone interview. [...]