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High demand in BSP bill auction

THE Bangko Sentral ng Pilipinas (BSP) said total demand for its 28-day and 56-day debt papers increased to P148.55 billion.

In a statement on Friday, the central bank said it continued to lower the total volume offering for the BSP bill auction to P110 billion, with the allocation for the 28-day and 56-day tenors reduced to P80 billion from P90 billion and P30 billion from P65 billion, respectively.