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 twice oversubscribed with total tenders reaching P36.1 billion.
With its decision, the BTr raised P15 billion as programmed.
“Rates moved sideways following Gov (Bangko Sentral ng Pilipinas Governor Benjamin Diokno) statement more harm with early rate hike,” Rosalia de Leon, national treasurer, told reporters via Viber yesterday.
The 91-day paper fetched a rate of 1.113 percent, 1.8 basis points (bps) higher than the previous average of 1.095 percent.
Tenders amounted to P8.68 billion, with the BTr granting a full awarded of P5 billion.
As for the 182-day IOUs, the recorded rate is at 1.39 percent, 0.1 bp lower than the previous average of 1.391 percent.
Demand reached P16.868 billion, more than three times the P5 billion programmed which was fully awarded by the BTr.
Lastly, the rate for the one-year securities is 1.604 percent, 1.7 bps up from the previous average of 1.587 percent.
The tendered amount reached P10.54 billion, with the government awarding P5 billion as programmed.
De Leon said the BTr also opened the tap facility window for the one-year paper for another P3 billion. – Angela Celis
