THE Bureau of the Treasury (BTr) has fully awarded bids for the auctioned treasury bills yesterday as rates fell below prevailing market rates.
The auction was nearly three times oversubscribed, attracting P44 billion in total tenders. With its decision, the BTr raised the full program of P15 billion for the auction. Specifically, P5 billion was awarded as planned for each tenor.
The 91-, 182- and 364-day securities fetched average rates of 5.698 percent, 5.904 percent and 6.046 percent, respectively.
These are all lower than the Bloomberg Valuation Service rates of 5.736 percent for the three-month tenor, 5.96 percent for the six-month tenor and 6.065 percent for the one-year tenor.
The BTr is set to auction off 20-year treasury bonds today. The offer has a programmed volume of P30 billion.
