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× T-bill rates further down following interest rate, RRR cuts

MANILA, Philippines --- T-bill rates further fell across the board amid strong demand from investors following a cut in big banks' reserve requirements last week, allowing the Bureau of the Treasury to sell all P15 billion it offered Monday.


The Treasury awarded P4 billion in the benchmark 91-day IOUs at an average rate of 5.258 percent, down from 5.389 percent last week.


It also sold…