MANILA – Rates of Treasury bills (T-bills) registered mixed results Monday but all tenors received higher than offer bids.
Rate of the 91-day paper declined to 1.167 percent while the rate of the 182-day rose to 1.518 percent and the 364-day to 1.807 percent.
During the auction last Sept. 1, the rate of the shortest tenor T-bill was 1.180 percent, the 182-day at 1.421 percent, and the 364-day at 1.788 percent.
The Bureau of the Treasury’s (BTr) auction committee fully awarded all the papers.
It offered both the three-month and the six-month papers for PHP5 billion each, and received PHP19.028 billion and PHP11.008 billion, respectively,
The one-year paper received tenders amounting to PHP26.651 billion, higher than the PHP10-billion offer.
“Rates remain low even with adjustment on 182-day. Good demand remains with volume received in the auction,” National Treasurer Rosalia de Leon told journalists Monday. (PNA)
