The Bureau of the Treasury (BTr) has fully awarded bids for the treasury bonds auctioned yesterday, with healthy demand for the government IOUs.
The auction attracted tenders of P73.6 billion, more than twice oversubscribed.
Thus, the committee awarded P35 billion as programmed.
The reissued securities, with a remaining life of nine years and nine months, fetched a rate of 4.689 percent, 44.3 basis points higher than the previous average of 4.246 percent.
“Rates moved in tandem with UST (United States treasuries) now at 1.5 with taper signals and BSP (Bangko Sentral ng Pilipinas) higher inflation forecast for 2021 and 2022,” Rosalia de Leon, national treasurer, told reporters via Viber after the auction.
De Leon also said the BTr opened the tap facility window for the same tenor for another P5 billion. – Angela Celis
