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Byline: Ann Rozainne R. Gregorio
THE GOVERNMENT made its first full award of Treasury bonds yesterday after five auctions, selling P9 billion worth of seven-year papers.
It was also the government's last auction for the first quarter.
"The rate accepted at [yesterday's] auction was a good rate and it was lower than the secondary market rate," National Treasurer Roberto B. Tan told reporters after the auction yesterday.
The re-issued debt papers, with remaining life of six years and 10 months, fetched an average rate of 6.315%, 43.5 basis points (bps) lower than the 6.75% secondary market rate for seven-year bonds.
The accepted rate, …