The Bureau of the Treasury awarded the treasury bills it auctioned yesterday as programmed amid healthy demand for the short-term IOUs.
The auction was almost thrice oversubscribed with total bids reaching P43 billion.
With its decision, the committee was able to raise the full program of P15 billion.
“(Rates) moved sideways amidst growing concerns on possible stricter restrictions,” Rosalia de Leon, national treasurer, told reporters via Viber yesterday.
When de Leon however was asked how the borrowing program for next month looks like amid the Delta variant threat, she said: “Liquidity still very much around looking for a home.”
The 91-day paper fetched a rate of 1.05 percent, 3.2 basis points (bps) down from the previous average of 1.082 percent.
Tenders totaled to P18.327 billion, more three times oversubscribed versus the P5 billion fully awarded offer.
For the 182-day securities, the rate is 1.407 percent, 0.6 bps higher versus the previously recorded yield of 1.401 percent.
Demand reached P13.75 billion, almost thrice the P5 billion program which was awarded.
Lastly, the yield of the 364-day IOU is 1.638 percent, up by 0.9 bps from the previous average of 1.629 percent.
Tenders amounted to P10.95 billion versus the P5 billion program. – Angela Celis
