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It did incur from selling $21 billion of Treasury bonds in order to meet withdrawals; and it did seek to sell new bank shares to replenish its capital.
MANILA -The national government raised P25 billion as planned from reissued 10-year Treasury bonds, but the full award saw the cost of borrowing rise.
Source: https://business.inquirer.net/403389/p25-b-treasury-bonds-fully-awarded-but-rates-rise
Still, Ricafort said the share of government securities in gross inflows continued to be lower than the 45 percent recorded in November 2022, as yields on long-term Philippine Treasury bonds decreased in January.
Source: https://business.inquirer.net/387999/net-inflow-of-hot-money-skyrocketed-in-jan-to-292m
The narrow slices include ETFs such as IBTG, which only holds US Treasury bonds maturing in 2026, or LQDB, which purely contains BBB-rated corporate bonds.
Source: https://www.ft.com/content/231524e2-fe76-412c-ac84-dbfc365879af
The yield on two-year Treasury bonds rose to the highest level since August 28 of last year, at 5.079%.