The Bureau of the Treasury (BTr) has fully awarded bids for the treasury bills auctioned yesterday amid significant market demand for the short-term IOUs.
The auction was almost five times oversubscribed as total tenders reached P72.5 billion.
With its decision, the auction committee raised P15 billion as programmed.
“Auction committee fully awarded all tenors with strong demand as rates moved sideways,” Rosalia de Leon, national treasurer, told reporters via Viber after the auction.
The 91-day paper fetched a rate of 1.07 percent, 0.9 basis points (bps) lower than the previous average of 1.079 percent.
Tenders amounted to P21.62 billion, more than four times the P5 billion that was fully awarded.
As for the 182-day IOUs, the recorded rate is 1.389 percent, 1.3 bps lower than the 1.402 percent yield recorded in the previous auction for the same tenor.
Demand reached P26.47 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 1.597 percent, 0.7 bps down from the previous average of 1.604 percent.
The tendered amount stood at P24.42 billion.
The government awarded P5 billion as programmed. – Angela Celis
