MANILA, Philippines – The government raised its full target amount of short-dated local debt at Monday’s Treasury bill (T-bill) auction, with yields ending mixed as investors continued to digest the Bangko Sentral ng Pilipinas’ (BSP) recent policy rate cut. Auction results showed the Bureau of the Treasury (BTr) borrowed P20 billion via T-bills, as planned. READ: Weak peso pushed gov’t debt to P17.56T in Oct The offering attracted P87.5 billion in total bids, oversubscribing the original offer by 4.4 times. According to Michael Ricafort, chief economist at Rizal Commercial Banking Corp., the modest decline in rates followed the widely expected […]... Keep on reading: Treasury bill rates end mixed