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After 11 straight auctions, T-bill rates decline

By Inquirer - 9 months ago
MANILA, Philippines  – The government was able to borrow its planned amount of short-term debt during Monday’s sale of Treasury bills (T-bills), as rates sought by local creditors fell for the first time after rising for 11 straight auctions. The Bureau of the Treasury (BTr) raised P15 billion via T-bills, with total demand for the

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