Strong demand for treasury bills at the auction Monday allowed the Bureau of the Treasury to raise the offer size for three- and six-month debt, borrowing a total P19 billion for budgetary support.
The Financial Stability Coordination Council (FSCC), whose goal is to arrest risks before they become systemic, has begun fortifying the domestic bond market.
The Bureau of the Treasury has scheduled two debt paper auctions next week, seeking to raise P45 billion to help fund the budgetary requirements of the government.