21.   Shorter maturity bill rates were also weaker, as were the intermediate term notes.

22.   Shorter bill rates were down as well, as demand eased toward the end of the quarter.

23.   Shorter maturity bill rates also came under selling pressure as rates rose modestly.

24.   Shorter maturity bill rates also improved a bit, as did intermediate term notes.

25.   Shorter maturity bill rates also improved, rising about four basis points, or hundredths of a percentage point.

26.   Only the three-month bill rates slipped during the auction.

27.   The rise in US interest rates would mean a higher borrowing cost for the Philippines since the bond yield is pegged on US Treasury bill rates.