The Bureau of the Treasury (BTr) has fully awarded bids for the treasury bills auctioned yesterday amid healthy market demand.
Tenders for the short-term securities amounted to P37.99 billion, more than twice oversubscribed.
The BTr awarded P15 billion as programmed.
“No tap. Market expects Monetary Board to hold rates steady,” Rosalia de Leon, national treasurer, told reporters via Viber.
The 91-day paper fetched a rate of 1.15 percent, 0.7 basis point (bp) higher than the previous average of 1.143 percent.
Tenders amounted to P11.34 billion, with the BTr granting a full award of P5 billion.
As for the 182-day IOUs, the recorded rate is at 1.413 percent, 1.2 bps up versus previous average of 1.401 percent.
Demand reached P13.07 billion, nearly three times the P5 billion programmed which was fully awarded by the BTr.
Lastly, the rate for the one-year securities is 1.621 percent, 0.5 bp up from the previous average of 1.616 percent.
The tendered amount reached P13.58 billion, with the government awarding P5 billion as programmed.
The BTr is set to auction retail treasury bonds at 2 p.m. today. – Angela Celis
