The Bureau of the Treasury will offer P160 billion in T-bills and bonds in March to take advantage of flushing domestic liquidity even as yields were expected to rise alongside US treasuries.
In a memorandum to all government securities eligible dealers (GSEDs) on Tuesday (Feb. 23), National Treasurer Rosalia de Leon said P20 billion each in short-dated treasury bills will be auctioned off on March 1, 8, 15, 22 and 29.
The weekly T-bills offering will still be composed of P5 billion each in the benchmark 91-day and 182-day, plus P10 billion in 364-day.
The Treasury also plans to raise P60 billion from the P30 billion each in T-bonds to be offered on…
Keep on reading: Treasury to raise P160 billion from T-bills, bonds in March