National Treasurer Rosalia de Leon
MANILA – The rates of Treasury bills (T-bills) moved sideways Monday, partly tracking the movement of US Treasuries.
The rate of the 91-day paper declined to 1.269 percent, the 182-day rose to 1.541 percent, and the 364-day slipped to 1.796 percent.
These were at 1.270 percent for the three-month paper, 1.540 percent for the six-month paper, and 1.810 for the one-year paper during the auction last May 17.
National Treasurer Rosalia de Leon told journalists in a Viber message that rates of the debt paper tracked US Treasuries.
“Liquidity remains strong with (PHP)34 billion redemption this week,” she said.
The Bureau of the Treasury (BTr) offered the 91-day T-bill for PHP5 billion, the 182-day paper for PHP8 billion, and the 364-day T-bill for PHP12 billion.
All were oversubscribed, with tenders reaching more than thrice the offer for most tenors and fully awarded.
Bids for the three-month paper reached PHP16.961 billion while it was PHP20.288 billion for the six-month paper and PHP38.595 billion for the one-year T-bill. (PNA)
