The Bureau of the Treasury (BTr) raised P28.4 billion from its Treasury bills (T-bills) auction on Monday, exceeding the P25 billion offer.
The auction committee fully awarded bids across all tenors—91-day, 182-day, and 364-day. Total tenders reached P92.2 billion, down from P102.9 billion the previous week.
The auction was 3.7 times oversubscribed, with the government accepting P6.8 billion in non-competitive bids for the 182-day tenor.
Offered volumes stood at P8.5 billion for the 182-day, P7 billion for the 91-day, and P9.5 billion for the 364-day.
BTr noted that cut-off yields continued to decline and remained below secondary market rates.
The average yield for the 91-day T-bills fell to 5.422 percent, down from 5.475 percent last week, while the 182-day tenor averaged 5.566 percent, a slight drop from 5.575 percent.
