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 total tenders reached P43.3 billion, nearly thrice the P15 offering.
The 91-day paper fetched a rate of 2.09 percent, 18.3 basis points (bps) lower than the previous average of 2.273 percent.
Tenders amounted to P24.07 billion, almost five times oversubscribed with the BTr granting the P5 billion program.
As for the 182-day IOUs, the recorded rate is at 3.188 percent, 4.5 bps up versus previous average of 3.143 percent.
Demand reached P12.94 billion, nearly three times the P5 billion program which the BTr awarded as planned.
Lastly, the rate for the one-year securities is 3.48 percent, 12.4 bps higher than the previous rate of 3.356 percent.
The tendered amount reached P6.29 billion, with the government awarding P5 billion as programmed.
