BoB raises P2.8bn for govt as yields slide

The central bank raised P800 million of the P2.8 billion from the longer maturing bonds, while the short-term Treasury Bills continued their dominance of the monthly auctions.

According to Kgori Capital trend analysis, yields fell across the spectrum at the June 26 auction, with the key three month Treasury Bill dropping by 104 basis points, while the six-month fell 95 basis points. Yields also fell on the bonds, most notably the five year paper which dropped ten basis points.