Markets

Philippine Treasury rejects all bids for 91-day T-bills

Published April 16, 2012 Updated April 16, 2012 05:42am

MANILA: The Philippine Bureau of Treasury rejected all bids at a regular auction of 91-day T-bills on Monday after getting thin volumes and bids higher than the previous auction rate.

At the previous auction on April 2, the debt paper fetched an average rate of 2.494 percent.

Copyright Reuters, 2012