The Bureau of the Treasury (BTr) fully awarded bids for the treasury bills auctioned yesterday amid healthy demand for the short-term IOUs.
The auction was 2.9 times oversubscribed with total bids reaching P43 billion.
As planned, the BTr raised the full program of P15 billion for the auction.
The 91-day paper fetched a rate of 5.671 percent, 3.3 basis points (bps) lower than the previous average of 5.704 percent.
Tenders amounted to P18.16 billion, more than thrice oversubscribed versus the P5 billion program that was fully awarded by the BTr.
The rate of the 182-day IOU was recorded at 5.986 percent, 4.1 bps up versus the previous rate of 5.945 percent.
The government awarded P5 billion as programmed, with demand more than twice the offer at P10.945 billion.
Lastly, the one-year securities fetched an average of 6.334 percent, 0.9 bps up from the previous figure of 6.325 percent.
Tenders totaled to P13.882 billion, with P5 billion awarded as planned
