The Bureau of the Treasury has fully awarded bids for the treasury bills auctioned yesterday amid healthy market demand.
The auction was oversubscribed attracting tenders of P54.7 billion, more than twice the P25 billion offer.
“Good results with healthy tenders, and rates within secondary levels tempered by lower inflation print in March,” Rosalia de Leon, national treasurer, told reporters via Viber after the auction.
The 91-day paper fetched a rate of 1.325 percent, three basis points (bps) up from the previous average of 1.295 percent.
Tenders totaled to P11.032 billion, with the auction committee awarding P5 billion as programmed.
For the 182-day securities, the rate is 1.695 percent, 4.9 bps higher than the previously recorded yield of 1.646 percent.
Demand reached P15.846 billion versus the P8 billion offering, which was fully awarded by the government.
Lastly, the yield of the 364-day IOU is 1.903 percent, 0.9 bps down from the previous average of 1.912 percent.
Tenders amounted to P27.865 billion, with the government awarding P12 billion as programmed. – Angela Celis
