• The government upsized its short-term securities to P17 billion as rates slipped across the board ahead of the policy meeting of the central bank on Thursday.
• The Bureau of the Treasury yesterday fully awarded and even upsized to P17 billion its second T-bills offer for May from the P15 billion original target.
• The Treasury upsized the 364-day offer to P7 billion from the target P5 billion.
• This came after the 364-day short-dated debt papers saw rates decline by 3.8 basis points to 6.037 percent in reference to the secondary market’s 6.075 percent.
• For this month, the Treasury aims to borrow P210 billion from domestic creditors.

https://www.philstar.com/business/2024/05/14/2354856/t-bill-rates-drop-ahead-bsp-meeting