The Bureau of the Treasury will offer P160 billion in bills and bonds in March to take advantage of excess domestic liquidity even as yields are expected to rise alongside rising rates of US treasuries.
In a memorandum to all government securities eligible dealers on Tuesday, National Treasurer Rosalia de Leon said P20 billion each in short-dated treasury bills will be auctioned on March 1, 8, 15, 22 and 29.
The weekly treasury bills offering will still be made up of P5 billion each in the benchmark 91-day and 182-day plus P10 billion in 364-day securities.
The Treasury also plans to raise P60 billion from the P30 billion each in bonds to be offered on March 9 and 23.
The fir…
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