T-bill yields decline further on expected BSP cut - BusinessWorld Online

T-bill yields decline further on expected BSP cut - BusinessWorld Online

THE GOVERNMENT increased the amount of Treasury bills (T-bills) it awarded on Monday as yields continued to ease ahead of an expected rate cut by the Bangko Sentral ng Pilipinas (BSP) this week. The Bureau of the Treasury (BTr) raised P37.8 billion via the T-bills it auctioned off, higher than the P27-billion plan as the offer was over five times oversubscribed, with total tenders reaching P142.15 billion. However, this was below the P158.173 bi…