MANILA – Philippine Treasury bills (T-bills) posted mixed results Monday on expectations of a steady Bangko Sentral ng Pilipinas (BSP) key rates until the end of the year.
The rate of the 90-day paper declined to 1.121 percent and the 182-day to 1.601 percent, but the rate of the 364-day rose to 1.858 percent.
These were at 1.156 percent, 1.615 percent, and 1.850 percent, respectively, during the auction last Sept. 21.
The Bureau of the Treasury (BTr) offered a 90-day paper for PHP5 billion but increased the award to PHP7,000 after doubling the non-competitive bids to PHP4,000.
Tenders amounted to PHP26.58 billion.
The auction committee made a full award for the fresh 182-day paper at PHP5,000 after tenders reached PHP15.683 billion.
Tenders for the fresh 364-day paper reached PHP29.678 billion, nearly thrice the PHP10-billion offer, which was fully awarded.
“There is still good liquidity as shown by high bids to offer. But given expectations for a pause on policy rates, a slight movement in one year,” National Treasurer Rosalia de Leon told journalists Monday. (PNA)
