PNA file photo
MANILA – The Bureau of the Treasury (BTr) on Tuesday fully awarded bids for Treasury bills.
The 91-, 182-, and 364-day T-bills fetched average rates of 5.611 percent, 5.823 percent, and 6.184 percent, respectively.
These are lower than the 5.884 percent, 6.095 percent, and 6.226 percent average rates of the 91-, 182-, and 364-day T-bills last week.
The auction was 4.4 times oversubscribed with total bids amounting to PHP66.7 billion.
"With its decision, the Committee raised the full program of PHP15.0 billion for the auction," the BTr said. (PNA)
