MANILA, Philippines – The government was able to borrow more than planned at its latest sale of Treasury bills (T-bills) as strong investor demand pushed yields lower across the board amid expectations of additional monetary easing. Auction results showed the Bureau of the Treasury raised P37.8 billion on Monday, more than the original target of P27 billion. The offering attracted P113.1 billion in total bids, or 4.2 times the original size of the offering. READ: despite-hitting-new-high-philippine-debt-still-seen-as-sustainable Rizal Commercial Banking Corp. chief economist Michael Ricafort said strong investor appetite was driven by continued hopes for further rate cuts even as the […]... Keep on reading: T-bill rates fall across the board