The Bureau of the Treasury (BTr) has fully awarded bids for the treasury bills auctioned yesterday amid healthy demand for the short-term IOUs.
The auction was more than thrice oversubscribed with total bids reaching P54.9 billion.
The BTr awarded P15 billion as programmed.
The 91-day paper fetched a rate of 1.064 percent, 1.1 basis points (bps) up from the previous average of 1.053 percent.
Tenders totaled to P17.2 billion, more than three times oversubscribed versus the P5 billion fully awarded offer.
For the 182-day securities, the rate is 1.407 percent, 0.6 bps higher versus the previously recorded yield of 1.401 percent.
Demand reached P17.21 billion, also more than thrice the P5 billion program which was awarded.
Lastly, the yield of the 364-day IOU is 1.625 percent, down by 0.7 bps from the previous average of 1.632 percent.
Tenders amounted to P20.445 billion versus the P5 billion program. – Angela Celis
