Yields on treasury bills continued their downward trend at Monday’s auction, driven by expectations of further monetary policy easing amid signs of cooling inflation.
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Average yields on Treasury bills inched higher at Monday’s auction, as global uncertainties continued to damp expectations of a sustained decline in local inflation.
Average rates of Treasury bills (T-bills) were either steady or lower at the auction Monday, with strong demand and benign inflation expectation easing yields on longer-dated T-bills.
Average rates on Treasury bills were mixed in Monday's auction, with six-month and 12-month debt papers seeing a softening of yields due to expectations of further rate cuts by the Bangko Sentral ng Pilipinas (BSP). However, uncertainty continued to push yields on three-month bills higher.
The Department of Transportation (DOTr) announced Thursday the successful acquisition of right-of-way (ROW) in six critical areas from Calumpit, Bulacan to Clark, Pampanga, aimed at accelerating the completion of the North-South Commuter Railway (NSCR) System.
Agriculture Secretary Francisco P. Tiu Laurel Jr. led the Department of Agriculture’s (DA) visit to Batanes to launch the “P20 Benteng Bigas, Meron Na!” program and distribute over ₱13 million in agricultural and fisheries support.
Japanese Defense Minister Gen Nakatani held a video teleconference with Philippine Secretary of National Defense Gilberto Teodoro, reaffirming defense cooperation and humanitarian assistance efforts.