Manila: The Bureau of the Treasury (BTr) fully awarded bids for Treasury bills (T-bills) during the auction on Monday. The 91-, 182-, and 364-day T-bills fetched average rates of 4.950 percent, 5.148 percent, and 5.272 percent, all of which were lower than the rates from the previous week’s auction.
According to Philippines News Agency, last week’s average auction yields for the 91-, 182-, and 364-day T-bills were 5.046 percent, 5.222 percent, and 5.376 percent, respectively. Ricafort stated that the T-bill average auction yields were again mostly slightly lower week-on-week due to the relatively large total bids.
The auction was highly competitive, being 6.2 times oversubscribed and attracting PHP154.2 billion in total tenders. With its decision, the Auction Committee was able to raise the full program amounting to PHP25 billion for the auction.