Gov’t Hikes T-Bill Award as Rates Go Down with Fed Seen to Ease Further - BusinessWorld Online

Gov’t hikes T-bill award as rates go down with Fed seen to ease further - BusinessWorld Online

THE GOVERNMENT hiked its award of the Treasury bills (T-bills) it offered on Monday as yields dropped across all tenors on expectations of a rate cut by the US Federal Reserve this week, as well as further monetary easing at home. The Bureau of the Treasury (BTr) raised P25 billion from the T-bills it auctioned off, above the P22-billion plan, as the offer was nearly four times oversubscribed, with total bids reaching P85.365 billion. However, t…

Treasury yields inch higher as investors await Fed's interest rate decision

U.S. Treasury yields moved higher on Monday as investors looked ahead to the Federal Reserve's meeting later this week.