- Advertisement -
The Bureau of the Treasury (BTr) fully awarded bids for the treasury bills auctioned yesterday as rates fell across all tenors.
The 91-, 182- and 364-day securities fetched average rates of 5.552 percent, 5.939 percent and 6.073 percent, respectively.
The BTr said these are all lower than previous auction results as well as when compared to secondary market rates.
- Advertisement -
The auction was 3.7 times oversubscribed, attracting P55.7 billion in total tenders.
With its decision, the BTr raised the full program of P15 billion for the auction. Specifically, P5 billion was awarded for each tenor.
The BTr is set to auction off 10-year treasury bonds today. The offering has a programmed volume of P30 billion. – Angela Celis
Author
- Advertisement -
