THE Bureau of the Treasury (BTr) fully awarded the treasury bills auctioned yesterday after the short-term IOUs saw the highest demand so far this year.
The 92-, 182- and 364-day securities fetched average rates of 5.38 percent, 5.48 percent and 5.583 percent, respectively.
These are all lower than the previous auction and prevailing secondary market rates.
The auction was 4.7 times oversubscribed, with total bids reaching P93.3 billion. The BTr said this is the highest volume of tenders for a treasury bills auction so far this year.
With its decision, the BTr raised the full program of P20 billion for the auction.
Meanwhile, the BTr is set to auction off 20-year treasury bonds today. The offer will have a programmed volume of P25 billion.
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