T-Bill Rates Ease Ahead of Further Rate Cuts

T-bill rates ease ahead of further rate cuts

MANILA, Philippines – Yields on short-dated government securities eased across all tenors at Monday’s auction as investors scrambled to lock in returns ahead of expected policy rate cuts, allowing the government to raise more than its initial offer. The Bureau of the Treasury (BTr) fully awarded P28.6 billion in bids for 91-day, 182-day and 364-day […]...Keep on reading: T-bill rates ease ahead of further rate cuts

BSP Gov: 'maybe two more cuts' to rates this year

The Governor of the Bangko Sentral ng Pilipinas (BSP) [link], Eli Remolona, said on Friday that he thinks there’s “maybe two more cuts” coming this year for interest rates, though he was quick to clarify that they’re “not necessarily consecutive”.