T-bill rates fall ahead of Fed meeting

T-bill rates declined across all tenors on Monday ahead of the Federal Reserve meeting this week.

The 91-day rate fell to 0.693%, the 182-day to 1.077%, and the 364-day to 1.410%.

National Treasurer Rosalia de Leon attributed the decline to anticipation of signals from the Federal Reserve regarding interest rates, noting a strong preference for short-term tenors with sharp reductions in rates.