On Monday, Aug. 7, the Bureau of the Treasury held an auction for Treasury bills but fell short of its intended goal of raising P15 billion, managing only P11.75 billion in funds.Specifically, the sale of the 91-day T-bills generated only P3.6 billion for the Treasury, despite a significant surge in bids reaching P17.509 billion.
Additionally, the government fell short of its planned target by raising only P3.15 billion for the 182-day securities, despite total bids reaching P10.82 billion. On the other hand, the Treasury successfully met its target by raising P5 billion through the sale of the 364-day debt papers. Total tenders for the one-year tenor reached P9.733 billion.
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