THE GOVERNMENT sold P507.16 billion worth of retail Treasury bonds (RTB), exceeding the target as investors sought better yields. National Treasurer Sharon P. Almanza told reporters on Monday that the RTB demand was driven by “very good fundamentals” and expectations that rates will continue to drop. “I think [the market] expects that rates will go […]
THE GOVERNMENT sold P507.16 billion worth of retail Treasury bonds (RTB), exceeding the target as investors sought better yields. National Treasurer Sharon P. Almanza told reporters on Monday that the RTB demand was driven by “very good fundamentals” and expectations that rates will continue to drop. “I think [the market] expects that rates will go […]
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