The Bureau of the Treasury (BTr) has fully awarded bids for the treasury bills auctioned yesterday amid healthy market demand for the government IOUs.
The auction was more than thrice oversubscribed, with total bids reaching P75.8 billion.
With its decision, the BTr raised the full programmed amount of P25 billion.
“(Rates) tracked US Treasuries. Liquidity remains strong with P34 billion redemption this week,” Rosalia de Leon, national treasurer, told reporters via Viber after the auction.
The 91-day paper fetched a rate of 1.269 percent, 0.1 basis point lower than the previous average of 1.27 percent.
Tenders totaled to P16.961 billion, more than three times oversubscribed.
The auction committee awarded P5 billion as programmed.
For the 182-day securities, the rate is 1.541 percent, which inched up by 0.1 basis point versus the previously recorded yield of 1.54 percent.
Demand reached P20.288 billion, more than two times the P8 billion offering that was fully awarded by the BTr.
Lastly, the yield of the 364-day IOU is 1.796 percent, lower by 1.4 basis points from the previous average of 1.81 percent.
Tenders amounted to P38.595 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. – Angela Celis
