T-bill rates ease ahead of Fed meet

Rates for the government’s short-term securities eased for the second straight week ahead of the monetary policy decision of the US Federal Reserve.

- LOUISE MAUREEN SIMEON

The Bureau of the Treasury yesterday fully awarded the entire P15 billion of T-bills on offer.

Yields for the three tenors declined across the board in reference to last week’s rates, but were mixed versus the secondary market.

Rates for the 91-day offer slipped 2.9 basis points to 5.744 percent from the secondary level of 5.773 percent and were lower than the last auction rate of 5.772 percent.