Average yields on treasury bills continued to ease at Monday’s auction, supported by growing expectations of further monetary policy loosening amid slowing inflation.
Treasury bill yields fell across all tenors at Monday’s auction, as the sharp deceleration in April inflation heightened expectations of potential monetary policy easing.
Average rates on treasury bills drifted lower at the auction Monday as demand continued to increase after the central bank confirmed its commitment to further monetary policy easing this year.
Strong demand for Treasury bills (T-bills) at Monday’s auction led to a drop in average rates for shorter-dated securities while keeping the yield on one-year paper stable. The Bureau of the Treasury received tenders worth ₱90.6 billion for the ₱22 billion in bills offered, a sign of robust investor appetite.
Globe partnered with the Taguig City government to hold a Children’s Digital Safety Workshop in November, at the CDRRMO Training Plaza in Barangay Central Signal, aiming to help protect young people online.
The Department of Environment and Natural Resources (DENR) has launched a five-year reforestation project to restore 30 hectares of degraded upland forest in Sitio Daing, Barangay Duale, Limay, Bataan.