National Treasurer Rosalia de Leon
MANILA – The rates of the Treasury bills (T-bills) registered mixed results Monday, with the uptick traced to demand for shorter-dated tenor.
The average rate of the 91-day paper rose to 1.349 percent and the 182-day to 1.713 percent, but the rate of the one-year paper declined to 1.884 percent.
These were at 1.325 percent for the three-month paper, 1.695 percent for the six-month paper, and 1.903 percent for the one-year paper during the auction last April 12.
All tenors were oversubscribed and fully-awarded.
The Bureau of the Treasury (BTr) offered the three-month paper for PHP5 billion, and tenders amounted to PHP14.85 billion.
The six-month paper was offered for PHP8 billion and bids amounted to PHP21.602 billion.
Bids for the one-year paper reached PHP35.2 billion, more than twice the PHP12-billion offer.
National Treasurer Rosalia de Leon attributed the mixed results of the T-bill auction this week to “more demand on short-end.”
In a Viber message to journalists, de Leon said BTR opened the tap facility to offer anew the one-year paper for PHP5 billion during the day amid the large amount of bids. (PNA)
