Philippines Rejects All Bids at ₱27 Billion T-Bill Auction

The Bureau of the Treasury rejected every bid at Monday’s ₱27 billion Treasury bill auction, as banks demanded yields the government considered excessive, leaving it with nothing raised from the sale. The auction committee turned away all tenders across the 91-day, 182-day, and 364-day tenors. The rejection is the latest in a string of borrowing […] The post Philippines Rejects All Bids at ₱27 Billion T-Bill Auction appeared first on the deep dive.