Average Treasury bill rates slipped at Monday’s auction, coming in below secondary-market levels after the Bangko Sentral ng Pilipinas (BSP) moved to further ease monetary policy.
Average rates on Treasury bills eased in Monday’s auction as investors positioned for potential monetary policy cuts by both the Bangko Sentral ng Pilipinas (BSP) and the US Federal Reserve later this month.
Average rates on Treasury bills ended mixed at Monday’s auction, with the yield on the one-year tenor continuing to drift lower amid expectations of further monetary easing.
Average rates on government treasury bills moved in mixed directions at Monday’s auction, with the shortest tenor edging higher as investors priced in political uncertainties, while longer maturities continued to ease on expectations of further monetary loosening after weaker third-quarter growth.
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