Higher yield fails to spoil T-bills auction

MANILA, Philippines —Higher borrowing costs due to recent hawkish signals from the Bangko Sentral ng Pilipinas (BSP) did not stop the government from borrowing as planned during Monday’s sale of Treasury bills (T-bills). Auction results showed the Bureau of the Treasury (BTr) raised its target amount of P15 billion in short-term debt despite rates going Read The Rest at :