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BTr hikes T-bill award as yields on all tenors drop - BusinessWorld Online
Summary by bworldonline.com
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1 Articles
BTr hikes T-bill award as yields on all tenors drop - BusinessWorld Online
THE GOVERNMENT upsized its award of the Treasury bills (T-bills) it offered on Monday as rates dropped across the board amid strong demand for safer assets amid the peso’s weakness and geopolitical concerns. The Bureau of the Treasury (BTr) raised P37.8 billion via the T-bills it auctioned off, higher than the P27-billion plan as the offer was nearly five times oversubscribed, with total tenders reaching P126.59 billion. This was also above the …
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