BTr rejects bids for 3.5-year T-bonds

By Philippine News Agency

Sep 07, 2022 12:28 am

INVESTORS' demand for high yield resulted in the full rejection of bids for the 3.5-year Treasury bond (T-bond) offered by the Bureau of the Treasury (BTr) on Tuesday.

Had the auction committee fully awarded the debt paper, its key rate would have risen to 5.592 percent from 5.153 percent previously.

The Bureau of Treasury building in Intramuros, Manila. PHOTO BY AARON RONQUILLO

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