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May inflation prompts bids for higher rates on T-bonds

RATES for reissued 7-year Treasury bonds (T-bonds) jumped as the country’s inflation rate in May this year hit a 3-year-high. This prompted the Bureau of the Treasury to partially award P25.189 billion out of its P35 billion T-bonds offering on Tuesday’s auction. With a remaining term of 3 years and… ....

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