Reissued 10-year bonds fetch lower rates before Fed review - BusinessWorld Online

Reissued 10-year bonds fetch lower rates before Fed review - BusinessWorld Online

THE GOVERNMENT made a full award of the reissued Treasury bonds (T-bonds) it offered on Tuesday at a lower average yield on the back of strong investor demand and with the US Federal Reserve set to deliver its first rate cut for this year at this week’s policy meeting. The Bureau of the Treasury (BTr) borrowed P25 billion as planned via the reissued 10-year bonds it auctioned off, with total bids reaching P77.174 billion or over thrice the amoun…