For the first time in five months, the national government was able to fully raise its intended amount of P15 billion from a single auction of Treasury bills (T-bills) as investors’ asking rates continue to ease.
FOR the first time in five months, the national government was able to fully raise its intended amount of P15 billion from a single auction of Treasury bills as investors’ asking rates continue to ease.
Treasury data showed that offers for the 91-day T-bills reached P16.321 billion while the 182-day T-bills had P15.2 billion in total tender. The 364-day T-bills saw a total offer of P14.37 billion. This is now the third consecutive week that the Treasury was able to raise over P10 billion from the sale of T-bills.
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