T-bill rates up partly on Ukraine-Russia tension
MANILA - Concerns on the Ukraine-Russia tension and higher average domestic inflation projection for this and next year resulted in the upticks of Treasury bill (T-bill) rates on Monday. The average rate of the 91-day paper increased to 0.899 percent, the 182-day to 1.157 percent, and the 364-day to 1.568 percent. These were at 0.810 percent, 1.066 percent, and 1.475 percent for the three-month, six-month, and one-year papers during the auction last February 14. The Bureau of the Treasury (BTr) offered each tenor for PHP5 billion, and the auction committee made full awards across-the-board. To...