Gov’t fully awards bids for Tbills

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The Bureau of the Treasury (BTr) fully awarded bids for the treasury bills at yesterday’s auction, amid healthy market demand for the government IOUs.

The auction was oversubscribed with total bids reaching P81.9 billion for all three tenors, more than four times the P20 billion offering that was fully awarded.

Rosalia de Leon, national treasurer, also said after the auction that the auction committee opened the tap facility window for the 364-day paper for another P10 billion.

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“Strong liquidity and rates remain subdued. Market awaits decision on quarantine measures,” de Leon said through Viber.

The 91-day securities fetched a rate of 2.035 percent, 0.3 basis points (bps) lower than the previous yield of 2.038 percent.

Tenders reached P20.427 billion, more than four times the P5 billion offer which was fully awarded.

For the 182-day paper, it slightly rose by 0.2 bps to 2.101 percent, from 2.099 percent in the previous auction.

Demand was more than thrice the fully awarded P5 billion, at P15.615 billion.

Lastly, the yield for the 364-day paper is 2.35 percent, 2.8 bps below the previous rate of 2.378 percent.

Tenders amounted to P45.947 billion, more than four times the P10 billion offering which was awarded.

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