Friday 10 April 2020
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businessmirror - 2 month ago

Covid-19 prompts bet on low-risk govt papers

INVESTORS are parking their funds in low-risk government securities amid uncertainties posed by coronavirus disease 2019 (Covid-19.) The Bureau of the Treasury’s (BTr) Auction Committee on Monday fully awarded bids for the Treasury bills (T-bills) worth P20 billion on offer amid strong market demand. The auction was nearly four times oversubscribed with total bids reaching [ ]


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