T-bill, bond rates likely mixed ahead of inflation data for May

TREASURY BILL and bond rates are expected to end mixed this week ahead of the release of inflation data for May.

- By Aaron Michael C. Sy

T-bill and T-bond rates could follow the mixed week-on-week movements in the secondary market on expectations that Philippine inflation last month eased further, Michael L. Ricafort, chief economist at Rizal Commercial Banking Corp., said in a Viber message.

The Bureau of the Treasury (BTr) will auction off P25 billion in T-bills on Monday — P8 billion each in 91and 182-day debt and P9 billion in 364-day securities.

On Tuesday, the government will sell P30 billion in reissued seven-year T-bonds with a remaining life of five years and a month.

In the secondary market, the 91-,182-and 364-day T-bills eased 2.21 basis points (bps), 1.3 bps and 1.45 bps to 5.433%, 5.5968% and 5.7253%, respectively, based on PHP Bloomberg Valuation Service Reference Rates as of May 30 published on the Philippine Dealing System website.