THE Bureau of the Treasury (BTr) has fully awarded bids for the treasury bills auctioned yesterday as rates fell below prevailing secondary market levels.
The 91-, 182- and 364-day securities fetched average rates of 5.666 percent, 5.914 percent and 6.046 percent, respectively.
The Bloomberg Valuation Service rate for the three month-tenor is 5.6669 percent, 5.9694 percent for the six-month tenor and 6.0778 percent for the one-year tenor.
The auction was 2.7 times oversubscribed, attracting P40.3 billion in total tenders.
With its decision, the BTr raised the full program of P15 billion for the auction.
Author
