Manila

BTr saw ‘overflowing demand’ for short-term government securities

Monday’s auction of Treasury bills (T-bills) reflects the continuous allure of government securities during the Covid-19 pandemic. The Bureau of the Treasury (BTr) upsized again the volume of T-bills it awarded to P22 billion from its P20-billion initial offering. National Treasurer Rosalia V. De Leon told reporters on Monday the Treasury decided to go for the full award as “average ...

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