+ Follow CMBS Tag
Array
(
[results] => Array
(
[0] => Array
(
[ArticleID] => 241856
[Title] => High bids force partial rejection of CMBs
[Summary] => The government was forced yesterday to accept a high rate of 7.312 percent interest rate on 42-day cash management bills (CMBs) as banks continued to test the government’s resolve to stick to its deficit program.
The Bureau of Treasury (BTr) managed to temper the rate by awarding only P2.06 billion, half of the P4 billion on offer. Bids reached P5.045 billion. Traders expect the rate to hover at 7.5 percent to eight percent.
[DatePublished] => 2004-03-09 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[1] => Array
(
[ArticleID] => 241212
[Title] => Gov’t mulls additional retail Treasury bonds
[Summary] => The government is considering the possibility of issuing more retail Treasury bonds (RTBs) to raise funds as a result of its decision to temporarily suspend Treasury bill (T-bill) and Treasury bond (T-bond) offerings.
[DatePublished] => 2004-03-04 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[2] => Array
(
[ArticleID] => 241090
[Title] => BTr freezes T-bill, T-bond auctions
[Summary] => The Bureau of Treasury will temporarily suspend its Treasury bill and Treasury bond offerings and instead issue short-term cash management bills (CMBs) as banks continued to push interest rates higher due to rising political risks.
[DatePublished] => 2004-03-03 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[3] => Array
(
[ArticleID] => 98002
[Title] => Cash bill yields soften further
[Summary] => Rates for the government’s high-yielding cash management bills (CMBs) continued to soften at yesterday’s auction, prompting the government to proceed with the roadshow for its 25-year Treasury bonds (T-bonds).
Sources said government is now ready to scrap the CMBs as local investors have started to reinvest their money in Treasury bills (T-bills) and other government bonds.
[DatePublished] => 2000-11-22 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[4] => Array
(
[ArticleID] => 98829
[Title] => Interest rates continue to dip
[Summary] => Interest rates continued to soften yesterday as reflected in the results of auction of government’s high-yielding cash management bills (CMBs).
Rates for the 42-day CMBs shed 70.9 basis points to average at 15.130 percent, resulting in the full award of the P2-billion offering.
The 70-day CMBs went down by a larger margin of nearly 82 points to average this week at 15.570 percent. The government auction committed awarded in full the P2-billion offering volume.
[DatePublished] => 2000-11-15 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1805266
[AuthorName] => Marianne V. Go
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[5] => Array
(
[ArticleID] => 98760
[Title] => BTr may stop issuing short-term bills next week
[Summary] => The Bureau of Treasury (BTr) may stop issuing cash management bills (CMBs) next week as interest rates appear to have stabilized.
This was revealed by National Treasurer Leonor Briones following yesterday’s full award of another P5-billion worth of CMBs, with the yields moving downward to align themselves with the Treasury bill rates posted Monday.
The 42-day CMBs commanded an average yield yesterday of 15.839 percent, down 33.3 basis points from the last auction.
[DatePublished] => 2000-11-08 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[6] => Array
(
[ArticleID] => 98708
[Title] => Government raises P970 M via short term bills
[Summary] => The National Government awarded yesterday a total of P970-million worth of short-term cash management bills (CMBs) out of total offering volume of P3 billion.
The auction resulted in an average rate of 16.175 percent for the 43-day CMBs while the 71-day tenor fetched an average yield of 16.779 percent.
The government was also able to raise another P8 billion from an over-the- counter (OTC) facility at the same rates.
[DatePublished] => 2000-11-01 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[7] => Array
(
[ArticleID] => 98678
[Title] => Government rejects short-term T-bill bids
[Summary] => The government rejected yesterday all bid applications for the short-term Treasury bills (T-bills) as the market tried to bid up anew the rates for the benchmark 91-day and 182-day T-bills.
However, for the 364-day T-bills, the government auction committee finally allowed a 42.8-basis point increase, allowing the yield to average at 18.926 percent from a 13.498-percent average posted last Oct.16.
At yesterday’s auction, only P715 million worth of tenders were made for the 91-day T-bills, resulting in the full rejection of bids which were all out of range.
[DatePublished] => 2000-10-31 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1805266
[AuthorName] => Marianne V. Go
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
)
)
CMBS
Array
(
[results] => Array
(
[0] => Array
(
[ArticleID] => 241856
[Title] => High bids force partial rejection of CMBs
[Summary] => The government was forced yesterday to accept a high rate of 7.312 percent interest rate on 42-day cash management bills (CMBs) as banks continued to test the government’s resolve to stick to its deficit program.
The Bureau of Treasury (BTr) managed to temper the rate by awarding only P2.06 billion, half of the P4 billion on offer. Bids reached P5.045 billion. Traders expect the rate to hover at 7.5 percent to eight percent.
[DatePublished] => 2004-03-09 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[1] => Array
(
[ArticleID] => 241212
[Title] => Gov’t mulls additional retail Treasury bonds
[Summary] => The government is considering the possibility of issuing more retail Treasury bonds (RTBs) to raise funds as a result of its decision to temporarily suspend Treasury bill (T-bill) and Treasury bond (T-bond) offerings.
[DatePublished] => 2004-03-04 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[2] => Array
(
[ArticleID] => 241090
[Title] => BTr freezes T-bill, T-bond auctions
[Summary] => The Bureau of Treasury will temporarily suspend its Treasury bill and Treasury bond offerings and instead issue short-term cash management bills (CMBs) as banks continued to push interest rates higher due to rising political risks.
[DatePublished] => 2004-03-03 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[3] => Array
(
[ArticleID] => 98002
[Title] => Cash bill yields soften further
[Summary] => Rates for the government’s high-yielding cash management bills (CMBs) continued to soften at yesterday’s auction, prompting the government to proceed with the roadshow for its 25-year Treasury bonds (T-bonds).
Sources said government is now ready to scrap the CMBs as local investors have started to reinvest their money in Treasury bills (T-bills) and other government bonds.
[DatePublished] => 2000-11-22 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[4] => Array
(
[ArticleID] => 98829
[Title] => Interest rates continue to dip
[Summary] => Interest rates continued to soften yesterday as reflected in the results of auction of government’s high-yielding cash management bills (CMBs).
Rates for the 42-day CMBs shed 70.9 basis points to average at 15.130 percent, resulting in the full award of the P2-billion offering.
The 70-day CMBs went down by a larger margin of nearly 82 points to average this week at 15.570 percent. The government auction committed awarded in full the P2-billion offering volume.
[DatePublished] => 2000-11-15 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1805266
[AuthorName] => Marianne V. Go
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[5] => Array
(
[ArticleID] => 98760
[Title] => BTr may stop issuing short-term bills next week
[Summary] => The Bureau of Treasury (BTr) may stop issuing cash management bills (CMBs) next week as interest rates appear to have stabilized.
This was revealed by National Treasurer Leonor Briones following yesterday’s full award of another P5-billion worth of CMBs, with the yields moving downward to align themselves with the Treasury bill rates posted Monday.
The 42-day CMBs commanded an average yield yesterday of 15.839 percent, down 33.3 basis points from the last auction.
[DatePublished] => 2000-11-08 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[6] => Array
(
[ArticleID] => 98708
[Title] => Government raises P970 M via short term bills
[Summary] => The National Government awarded yesterday a total of P970-million worth of short-term cash management bills (CMBs) out of total offering volume of P3 billion.
The auction resulted in an average rate of 16.175 percent for the 43-day CMBs while the 71-day tenor fetched an average yield of 16.779 percent.
The government was also able to raise another P8 billion from an over-the- counter (OTC) facility at the same rates.
[DatePublished] => 2000-11-01 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[7] => Array
(
[ArticleID] => 98678
[Title] => Government rejects short-term T-bill bids
[Summary] => The government rejected yesterday all bid applications for the short-term Treasury bills (T-bills) as the market tried to bid up anew the rates for the benchmark 91-day and 182-day T-bills.
However, for the 364-day T-bills, the government auction committee finally allowed a 42.8-basis point increase, allowing the yield to average at 18.926 percent from a 13.498-percent average posted last Oct.16.
At yesterday’s auction, only P715 million worth of tenders were made for the 91-day T-bills, resulting in the full rejection of bids which were all out of range.
[DatePublished] => 2000-10-31 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1805266
[AuthorName] => Marianne V. Go
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
)
)
abtest
November 22, 2000 - 12:00am
November 8, 2000 - 12:00am
November 1, 2000 - 12:00am
