MANILA — In Monday's Treasury bills (T-bills) auction, results proved to be a mixed bag as the Bureau of the Treasury (BTr) fully awarded bids for 91- and 364-day T-bills, but partially awarded the 182-day security.
According to a new release by the Philippines News Agency, the 91- and 364-day T-bills had average rates of 6.149 percent and 6.479 percent, respectively, while the rate for the 182-day security was capped at 6.330 percent. The auction attracted PHP 23.4 billion in total tenders, 1.6 times oversubscribed, and led to the BTr raising PHP 14.3 billion of the PHP 15 billion total offering. Ricafort noted that this marked the fifth consecutive week where T-bills average auction yields were generally higher.