T-bill rates climb after inflation surge, weak Q1 GDP

MANILA, Philippines – Yields on Treasury bills (T-bills) rose again at Monday’s auction as investors priced in a fresh surge in inflation and another period of anemic economic growth amid the Middle East war. Auction results showed the Bureau of the Treasury (BTr) undersold its offering after raising P28.3 billion of the P32-billion target — with only the 91-day T-bill fully awarded, while the 182-day and 364-day securities were partially taken up. Demand remained subdued, with the auction 1.4 times oversubscribed, translating to P44.9 billion in total tenders. READ: Gov’t scales back T-bill award as yields climb  The rise in yields […]...

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