As a result, commercial banks have gradually stopped subscribing to weekly treasury bill auctions
which has left the central bank to buy up government debt - incurring losses on the difference between interest it receives on this and the high interest rates it pays out to commercial banks to keep money flowing in.
For each of the scheduled treasury bill auctions
, the offer will be composed of P8 billion in benchmark 91-day debt paper, P6 billion in 182-day IOUs, and P6 billion in 364-day T-bills.
Interest rates have begun to rise, with reduced direct intervention by the central bank in the Treasury Bill auctions
The treasury bill auctions
are scheduled on October 7, November 4 and December 9, while the auctions for treasury bonds are October 22 for the three-year bonds, and two separate five-year bonds on November 20 and December 17.
Pimco officials expressed interest in Greek Treasury bill auctions
and bonds, a finance ministry official said.
In addition to a drop in deposits in recent months, and the load participation in monthly treasury bill auctions
by the Greek state, Greek officials took into account the pressure from the Swiss central bank's intervention this week.
Qatar's central bank will continue draining the same amount from the money market through monthly Treasury bill auctions
despite a recent drop in demand for them, its governor said yesterday, reports Reuters.
The apex bank said that it would continue to drain the same amount from the money market through monthly Treasury bill auctions
despite a recent drop in demand for them.
He added: "The resumption of Treasury Bill auctions
follows an intensive engagement with investors both domestically and overseas during the past 18 months and marks an important first step in our phased re-entry to the capital markets."
Yields in treasury bill auctions
touched multi-year highs in recent days.
Treasury bill auctions
indicate the central bank's stance on the lending rate to commercial banks.
Egypt's central bank will resume its Treasury bill auctions
on Monday after a one-week interruption caused by the country's political unrest, said central bank's deputy governor Hisham Ramez.