MANILA – The rates of Treasury bills (T-bills) ended mixed Tuesday on expected upticks in inflation rate due to recent typhoons.
The rate of the 91-day paper rose to 1.006 percent and the 182-day to 1.386 percent, while the rate of the 364-day paper declined to 1.693 percent.
These were at 0.986 percent, 1.385 percent, and 1.695 percent during the auction last Nov. 23.
The Bureau of the Treasury (BTr) offered the three-month paper for PHP5 billion, and the auction committee made a full award. Tenders amounted to PHP19.321 billion.
The six-month paper was also fully awarded at P5 billion. Bids totaled to PHP20.41 billion.
Tenders for the one-year paper reached PHP36.175 billion, more than three times the PHP10-billion offer. This tenor was also fully awarded.
In a Viber message to journalists, National Treasurer Rosalia de Leon traced the rise in some T-bill tenors to anticipations for a higher November inflation rate.
The rate of price increases last October rose to 2.5 percent from month-ago’s 2.3 percent due to acceleration in the heavily-weighted food index.
The Bangko Sentral ng Pilipinas (BSP) forecasts November 2020 inflation rate to range between 2.4 percent to 3.2 percent. (PNA)
