T-bill rates fall as inflation slows

T-bill rates declined across-the-board on Monday as domestic inflation slowed and expectations of a US interest rate hike grew.

The average rate for 91-day T-bills dropped to 0.875 percent, 182-day bills to 1.097 percent, and 364-day bills to 1.415 percent.

National Treasurer Rosalia de Leon attributed the decline in rates to slowing inflation and anticipation of a US rate hike within the first quarter of 2022.