A trader said secondary market rates traded mostly sideways on Friday following the second quarter economic growth release. “This immediately reversed the anxious sentiment and in turn, closed the gap in rates.” Meanwhile, the 182- and 364-day debt went down by 9.01 bps and 8.51 bps to yield 5.436% and 5.8366%, respectively. The Monetary Board in June raised benchmark interest rates by 25 bps for a second straight meeting to bring the policy rate to 4.75%. The Treasury plans to raise P330 billion from the domestic market this month, or P200 billion in T-bills and P130 billion from T-bonds.