The Bureau of the Treasury (BTr) has fully awarded bids for the treasury bills auctioned yesterday amid healthy demand for the government IOUs.
The auction was 2.5 times oversubscribed, attracting P38.1 billion in total tenders. With its decision, the BTr raised the full program of P15 billion for the auction.
Specifically, the BTr awarded P5 billion as planned per tenor.
The 90-, 182- and 364-day securities fetched average rates of 5.398 percent, 5.81 percent and 6.076 percent, respectively.
The comparable Bloomberg Valuation Service reference rates are 5.422 percent for the three-month tenor, 5.751 percent for the six-month tenor and 6.041 percent for the one-year tenor.
The BTr is set to auction three-year treasury bonds today.
The offer has a programmed volume of P30 billion.
