MANILA – The rate of the Philippines Treasury bills (T-bills) fell with the 91-day tenor dipping to below 1 percent Monday.
The rate of the shortest tenor debt paper slipped to 0.986 percent, the 182-day to 1.385 percent, and the 364-day to 1.695 percent.
These were at 1.019 percent, 1.443 percent, and 1.745 percent during the auction last Nov. 16.
The Bureau of the Treasury (BTr) offered a bellwether T-bill for PHP5 billion and the auction committee made a full award. Tenders reached PHP18.85 billion.
The mid-tenor debt paper was offered for PHP5 billion and was also fully awarded. Bids amounted to PHP20.8 billion.
Tenders for the one-year paper reached PHP33.77 billion, more than thrice the PHP10-billion offer. The auction committee made a full award.
National Treasurer Rosalia de Leon expects T-bill rates to decline further after the Bangko Sentral ng Pilipinas (BSP) slashed its key policy rates anew.
“Rates will trend downward for short tenors (as the BSP rate cut) fueled bias for (the) front end, with (a) high volume of liquidity,” she told journalists in a Viber message. (PNA)
