<ul><li>The Bureau of the Treasury (BTr) raised P28.6 billion from the T-bills it auctioned off on Monday, higher than the P25-billion plan.</li><li>The offer was nearly four times oversubscribed, with total bids reaching P98.259 billion.</li><li>The government hiked its T-bill award amid strong demand, with investors anticipating further monetary easing by the Bangko Sentral ng Pilipinas (BSP) due to below-target inflation.</li><li>BSP Governor Eli M. Remolona, Jr. hinted at possible rate cuts in upcoming policy meetings, with the central bank already reducing benchmark borrowing costs by a total of 100 bps since August last year.</li></ul>

BTr hikes T-bill award as yields drop on BSP bets

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