T-bill rates fall as inflation eases

On January 3, the Bureau of Treasury raised P15 billion through T-bill auctions.

Rates for three-month, six-month, and one-year debt papers fell to 1.075%, 1.269%, and 1.6% respectively due to expectations of easing inflation.

Total bids were nearly five times oversubscribed at P71.1 billion.

National Treasurer Rosalia de Leon attributed the drop in rates to economists' forecast of December's headline inflation rate at 3.9%.