BTr Partially Awards Treasury Bills at Mixed Rates - BusinessWorld Online

T-bill rates mostly rise anew amid Middle East worries

MANILA, Philippines — The Marcos administration borrowed at much higher costs locally during Monday’s sale of Treasury bills (T-bills).  This happened as the tensions in the Middle East and the risks to inflation they bring overshadowed the additional interest rate cuts that the Bangko Sentral ng Pilipinas (BSP) announced last week. In turn, this prevented

BTr partially awards Treasury bills at mixed rates - BusinessWorld Online

THE GOVERNMENT made a partial award of the Treasury bills (T-bills) it offered on Monday with mixed rates as risk sentiment took a hit due to the escalation of the war between Iran and Israel. The Bureau of the Treasury (BTr) raised just P24.6 billion from the T-bills it auctioned off on Monday, short of the P25-billion plan, even as the offer was more than twice oversubscribed, with total bids reaching P65.47 billion. However, the demand seen w…