The Bureau of the Treasury (BTr) has fully awarded bids for the treasury bills auctioned yesterday as it saw lower rates across all tenors.
The 91-day, 182-day and 364-day securities fetched average rates of 5.884 percent, 6.095 percent and 6.226 percent, respectively.
These are all lower than previous auction results of 5.973 percent for the three-month IOU, 6.266 percent for the half-year paper and 6.339 percent for the one-year treasury bills.
The auction was nearly three times oversubscribed with total bids reaching P44.4 billion.
With its decision, the BTr raised the full program of P15 billion for the auction. Specifically, the BTr awarded P5 billion for each tenor as planned.
The BTr is scheduled to offer six-year treasury bonds in today’s auction. The said offering has a programmed volume of P30 billion. – Angela Celis
