The national government was successful anew in raising a total of P15 billion from the auction of three-tranche Treasury Bills (T-Bills) last Monday as investors’ asking rates continue to fall below secondary market benchmark levels.
THE national government was successful anew in raising a total of P15 billion from the auction of three-tranche Treasury Bills last Monday as investors’ asking rates continue to fall below secondary market benchmark levels.
The auction on Monday was 4.1 times oversubscribed across all tranches with total bids amounting to P62.013 billion. Last week, the Treasury marked its first full-award of T-bills auction since the middle of August 2022.
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