MANILA  -The government was unable to fully raise its target amount of short-term debt during Monday's auction of Treasury bills (T-bills), as fresh geopolitical uncertainty following the attack on Israel over the weekend prompted investors to ask for higher rates. The state borrowed only P12.5 billion out of P15 billion it was hoping to raise via T-bills, the Bureau of the Treasury (BTr) said. Auction results showed total orders for the T-bills amounted to P22.6 billion, 1.5 times bigger than the size of the offer.

https://business.inquirer.net/425684/treasury-bill-rates-rise-on-worsening-israel-crisis

#inquirer