Rates of Treasury bills likely to decline ahead of Q1 GDP data
BusinessWorld May 10, 2021 | 12:06 am BW FILE PHOTO THE RATES of Treasury bills (T-bills) on offer on Monday could decline further as investors await the release of first-quarter gross domestic product (GDP) data. The Bureau of the Treasury (BTr) is looking to raise P25 billion via its offering of T-bills on Monday, broken down into P5 billion from 91-day debt, P8 billion via the 182-day papers and P12 billion from the 364-day securities. T-bill yields could decline by 5 to 10 basis points (bps) from their week-ago levels, analysts said. “Expect bond yields to drift lower as...