The Bureau of the Treasury (BTr) has fully awarded bids for the treasury bills auctioned yesterday as rates fell across all tenors and amid healthy market demand.
The auction was more than three times oversubscribed with total bids reaching P83.7 billion.
With its decision, the committee was able to raise the full program of P25 billion.
“Strong participation as rates marginally declined,” Rosalia de Leon, national treasurer, told reporters in a Viber message after the auction.
The 91-day paper fetched a rate of 1.27 percent, 0.8 basis points (bps) lower from the previous average of 1.278 percent.
Tenders totaled to P16.965 billion, more than three times oversubscribed.
The auction committee awarded P5 billion as programmed.
For the 182-day securities, the rate is 1.54 percent, 0.9 bps down versus the previously recorded yield of 1.549 percent.
Demand reached P25.11 billion, more than three times the P8 billion offering that was fully awarded by the BTr.
Lastly, the yield of the 364-day IOU is 1.81 percent, lower by 1.9 bps from the previous average of 1.829 percent.
Tenders amounted to P41.63 billion, with the government awarding P12 billion as programmed.
The BTr also opened the tap facility window for the one-year paper for another P5 billion. (A. Celis)
