The government made a full award of the Treasury bills (T-bill) it auctioned off on Monday, July 23, with rates on the longer tenors rising following the pronouncement of the local central bank hinting on hiking interest rates anew.
The Bureau of the Treasury (BTr) borrowed P15 billion as planned at its T-bills auction.
Total tenders amounted to P32.9 billion, climbing from the P28.2 billion recorded at last week’s offering. — Karl Angelo N. Vidal