Philippines: T-bills fetch lower rates
MANILA, Philippines — Short-term government securities continued to fetch lower rates across-the-board amid strong liquidity in the financial system, according to the Bureau of the Treasury (BTr). During yesterday’s auction, the BTr fully awarded P5 billion worth of 91-day Treasury bills(T-bills) at an average rate of 1.221 percent, 11.4 basis points lower than the 1.335 […]
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