BTr raises P22 billion in T-bills on strong demand

The Bureau of the Treasury (BTr) successfully raised P22 billion in Treasury bills (T-bills) on Monday, with full award across all tenors due to strong demand.

This demand was bolstered by dovish signals from the Bangko Sentral ng Pilipinas (BSP) and expectations of further monetary easing.

The average rates for the T-bills were lower than previous auctions and secondary market yields.

Specifically, the 91-day T-bill fetched an average rate of 4.88%, a decrease of 10.3 basis points from the previous auction.

The 182-day T-bill's average rate was 5.072%, down by 5.6 basis points.

The BSP's policy priority remains stimulating economic growth through monetary easing, including rate cuts, to encourage borrowing and investment.

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