MANILA – Treasury bill (T-bills) rates declined across-the-board Monday, which National Treasurer Rosalia de Leon traced to a low interest rate and low inflation rate environment.
Average rate of the three-month paper slipped to 1.088 percent, the six-month to 1.598 percent, and the one-year to 1.793 percent.
These were at 1.116 percent, 1.600 percent, and 1.800 percent during the auction last October 5.
“Monetary stance remains accommodative and (the) inflation outlook continues to be benign,” de Leon told journalists in a Viber message after the auction.
The Bureau of the Treasury (BTr) offered both the 91-day paper and 182-day securities for PHP5 billion, while the 364-day paper was offered for PHP10 billion.
All tenors were fully awarded.
Tenders for the three-month paper reached PHP20.91 billion, while it was PHP24.286 billion for the six-month paper and PHP34.712 billion for the longest tenor. (PNA)
