The Bureau of the Treasury (BTr) has fully awarded bids for the treasury bills auctioned yesterday as rates were within the secondary market level.
The 91-, 182- and 364-day IOUs fetched average rates of 5.783 percent, 5.879 percent and 5.948 percent, respectively.
The Bloomberg Valuation Service reference rates are 5.79 percent for the three-month paper, 5.863 percent for the six-month securities and 5.896 percent for the one-year instrument.
The auction was 3.2 times oversubscribed with total bids reaching P48.7 billion.
With its decision, the BTr raised the full program of P15 billion for the auction.
Specifically, the BTr awarded P5 billion for each tenor.
The BTr is scheduled to auction nine-year treasury bonds today.
This offer will have a programmed volume of P25 billion. – Angela Celis
