MANILA – The Bureau of Treasury (BTr) awarded the 91-, 182-, and 364-day Treasury bills (T-bills) in full during Monday’s auction, National Treasurer Rosalia de Leon said.
De Leon said the Auction Committee awarded all tenors in full as the average yields for the T-bills declined and with the strong volume of tenders for the securities.
“The total submitted bids amounted to PHP53.6 billion, nearly four times the PHP15-billion offering,” the Auction Committee said in a statement.
Tenders on Monday were lower than last week’s auction with bids amounting to PHP59 billion.
Data from the BTr show that the PHP5-billion 91-day debt paper settled at a rate of 1.031 percent, lower than last week’s yield of 1.078 percent.
The market has much appetite for the short-term debt paper with tenders reaching PHP19.75 billion.
The 182-day T-bills, on the other hand, fetched a total of PHP18.43-billion bids, higher than the PHP5-billion offering.
The rate for this tenor settled at 1.332 percent, also lower from the 1.348 percent yield during the previous auction.
Yield for the 364-day securities slightly slipped to 1.562 percent from last week’s rate of 1.563 percent.
The BTr offered the 364-day T-bills also at PHP5 billion, with total tenders amounting to PHP15.39 billion. (PNA)
