T-bill rates fall as anemic GDP spurs rate cut bets

MANILA, Philippines – Yields on short-dated local government debts dipped anew as the disappointing fourth-quarter economic growth print strengthened the case for another interest rate cut. As a result, the Bureau of the Treasury (BTr) was able to raise P37.8 billion via Treasury bills (T-bills), higher than the original plan to borrow P27 billion. READ: