Gov’t upsizes T-bill awards as yields fall

MANILA, Philippines – The Marcos administration upsized its Treasury bill (T-bill) awards for the first time in six weeks after yields dropped anew across tenors. This marked a shift from weeks of bid rejections amid heightened volatility from the Middle East war. READ: t-bill-rates-ease-across-all-tenors Monday auction results showed that the Bureau of the Treasury (BTr) raised P40.7 billion, exceeding the programmed borrowing of P33 billion. Demand remained strong, with the auction more than 3.9 times oversubscribed, attracting P127.3 billion in total tenders. The government had been consistently awarding less than planned since March 9, as investors demanded higher yields amid […]... Keep on reading: Gov’t upsizes T-bill awards as yields fall

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