THE Bureau of the Treasury (BTr) has fully awarded bids for the treasury bills during yesterday’s auction as it saw lower rates.
The 92-, 182- and 364-day securities fetched average rates of 5.196 percent, 5.005 percent and 5.487 percent, respectively.
These are all lower than the previous auction and prevailing secondary market rates.
The auction was 3.8 times oversubscribed, with total bids reaching P76.3 billion.
With its decision, the BTr raised the full program of P20 billion for the auction.
Meanwhile, the BTr is set to auction seven-year treasury bonds today.
It has a programmed volume of P15 billion.
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