91-day Tbill rate falls to new low

(UPDATE) 91-day T-bill rate falls to new low

MANILA, Philippines -- The benchmark 91-day Treasury bill rate dropped to a new all-time low at Monday’s auction, with bids from banks nearly three times the government's offer, the Bureau of Treasury said. Total tenders reached P14.795 billion against the government's offer of P5 billion.

***Again.  In the States, this will lead to higher stock market returns.  Now, in the Philippines where so few invest, this will only lead to higher deposits in banks.  Hopefully, Filipinos discover the market as another investment tool.  Only, Filipinos are afraid of something they do not understand.  And a lot are ignorant of the stock market.  Even those who attended college.  Heck, even those who attended business courses are ignorant of the stock market.