The Bureau of the Treasury (BTr) fully awarded bids for the treasury bills auctioned yesterday amid healthy demand for the short-term IOUs.
Tenders for the government securities amounted to P45.1 billion.
This is thrice the P15 billion offering for all tenors.
With its decision, the BTr raised the full program for the treasury bills offering.
The 90-day, 182-day and 364-day IOUs fetched rates of 5.224 percent, 5.789 percent and 6.21 percent, respectively.
These are all within the secondary market rates of 5.7 percent for the three-month paper, 5.935 percent for the six-month securities and 6.119 percent for the one-year instrument.
The 90-day rate was 38.7 basis points (bps) below previous average, while it was down 3.4 bps for the 182-day IOU and 2.6 bps up for the 364-day treasury bills.
The BTr, meanwhile, is set to auction five-year treasury bonds with a volume of P30 billion. – Angela Celis
