BTr fully awards Treasury bills

By Anna Leah Gonzales

June 18, 2024, 4:37 pm

MANILA – The Bureau of the Treasury (BTr) on Tuesday fully awarded bids for Treasury bills (T-bills).

The 91-, 182-, and 364-day T-bills fetched average rates of 5.666 percent, 5.914 percent, and 6.046 percent, respectively – all lower than the prevailing secondary market rates.

The comparative Bloomberg Valuation Service average rates were at 5.667 percent for the three-month tenor, 5.969 percent for the six-month tenor, and 6.078 percent for the one-year tenor.

The auction was 2.7 times oversubscribed, attracting PHP40.3 billion in total tenders.

With its decision, the BTr raised the full program of PHP15 billion for the auction. (PNA)