October inflation pace propels passion for T-bills

Quick Summary:

THE national government fully awarded all bids in its Treasury bills (T-bills auction) on Monday with P20 billion on offer, on the back of strong demand from investors amid anticipation of faster inflation in October.

The amount in the bidding process is also higher than the P56.046 billion in demands tendered in last week’s auction.

Meanwhile, it will offer five-year tenor Treasury bonds amounting to P15 billion on November 12.

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Article Details

Author / Journalist: Reine Juvierre S. Alberto

Category: BusinessStartups

Markets: PhilippinesUnited States

Topics: Higher Rates Tenor Government Treasury Percent Inflation Auction Billion According Tenders

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-04 @ 16:04:00 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 585 words

Reading Time: 4 minutes read

Sentences: 25 lines

Sentence Length: 24 words per sentence (average)

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Copyright Owner: © Business Mirror

News ID: 23400360

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