MANILA – The Bureau of the Treasury (BTr) fully awarded bids for Treasury bills (T-bills) during Monday's auction.
The 91-, 183-, and 364-day T-bills fetched average rates of 5.414 percent, 5.474 percent, and 5.540 percent, respectively.
"The Treasury bill average auction yields corrected higher week-on-week, after the series of declines in previous weeks, despite the latest easing in the inflation data of 1.9 percent partly on higher base effects," Rizal Commercial Banking Corporation chief economist Michael Ricafort said.
The auction was 1.9 times oversubscribed, with total bids reaching PHP38.5 billion.
With its decision, the BTr raised the full program of PHP20 billion for the auction. (PNA)
