The Bureau of the Treasury (BTr) has fully awarded bids for the treasury bills amid healthy demand for the short-term IOUs.
Total tenders for all tenors were more than 2.5 times oversubscribed as total submitted bids reached P37.6 billion.
The BTr raised the full program of P15 billion for the auction.
Specifically, the 91-day paper fetched a rate of 1.14 percent, 8.3 basis points (bps) lower than the previous average of 1.223 percent.
Tenders amounted to P17.2 billion, more than three times oversubscribed with the BTr granting the P5 billion program.
As for the 182-day IOUs, the recorded rate is at 1.558 percent, one bp down versus previous average of 1.568 percent.
Demand reached P13.44 billion, nearly thrice the P5 billion program which the BTr awarded as planned.
Lastly, the rate for the one-year securities is 1.901 percent, 2.4 bps higher than the previous rate of 1.877 percent.
The tendered amount was P6.998 billion, with the government awarding P5 billion as programmed.
Last week, the BTr also fully awarded bids for the short-term IOUs.
The auction was more than 3.6 oversubscribed, with total tenders reaching P54 billion.
With its decision, the auction committee then raised the full program of P15 billion.
