The Bureau of the Treasury (BTr) has fully awarded bids for the treasury bills auctioned yesterday amid strong market demand for the short-term IOUs.
The auction was more than four times oversubscribed with total bids reaching P63.3 billion.
The BTr raised P15 billion as programmed.
“Market taking its cue from Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno’s statements on BSP support to national government towards accelerated and sustained recovery including this morning’s to extend direct advances,” Rosalia de Leon, national treasurer, told reporters via Viber after the auction yesterday.
The 91-day paper fetched a rate of 1.079 percent, 0.1 basis points (bps) higher than the previous average of 1.078 percent.
Tenders amounted to P17.645 billion, more than thrice the P5 billion that was fully awarded.
As for the 182-day IOUs, the recorded rate is 1.402 percent, 0.3 bps lower than the 1.405 percent yield recorded in the previous auction for the same tenor.
Demand reached P25.312 billion, more than five times the P5 billion programmed which was fully awarded by the BTr.
Lastly, the rate for the one-year securities is 1.604 percent, 0.5 bps down from the previous average of 1.609 percent.
The tendered amount stood at P20.316 billion. The government awarded P5 billion as programmed.
