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T-bill demand spikes on imminent rate cuts

By Inquirer - 3 months ago
The government increased the volume of Treasury bills (T-bills) it awarded during Tuesday’s auction even as rates were mixed, as it saw strong demand for the short-term debt notes. This was driven by rising expectations of interest rate cuts by both the Bangko Sentral ng Pilipinas (BSP) and the US Federal Reserve this year. The

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