Gov’t downsizes T-bill offer as rates climb

MANILA,  Philippines  —The government failed to fully raise its target amount of short-term debt paper during Monday’s sale of Treasury bills (T-bills) after rates sought by local creditors jumped for the ninth consecutive week. Auction results showed the Bureau of the Treasury (BTr) borrowed P14.5 billion via T-bills, lower than the P15 billion it had Read The Rest at :