‘Tempered’ rate cut hopes pushed up T-bond yields

MANILA, Philippines  — The government was able to raise its planned amount of borrowings during Tuesday’s sale of seven-year Treasury bonds (T-bonds) despite higher rates sought by local creditors digesting the recent hawkish signals from the Bangko Sentral ng Pilipinas. The Bureau of the Treasury borrowed its target amount of P30 billion in Tuesday’s T-bonds
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