National Treasurer Rosalia de Leon (file photo)
MANILA – The rate of Treasury bills (T-bills) mostly slipped on Monday due to strong demand during the debt paper’s last auction for the year.
The average rate of the 91-day securities slipped to 1.125 percent and the 182-day to 1.428 percent while the rate of the 364-day rose to 1.649 percent.
These were at 1.155 percent for the 92-day T-bill during the auction last December 6 while the rate of 183-day stood at 1.443 percent and the 365-day was at 1.643 percent.
“Saw strong participation with today’s auction being (the) last for T-bills and redemption of PHP28.56 billion this week, including maturing Premyo bonds,” National Treasurer Rosalia de Leon told journalists in a Viber message.
The Bureau of the Treasury (BTr) offered the three-month paper for PHP2 billion, the six-month paper for PHP3 billion, and the one-year paper for PHP5 billion.
All of which were fully awarded.
Total bids for the 91-day paper reached PHP 16.757 billion, while it amounted to PHP19.36 billion for the 182-day paper, and PHP16.641 billion for the 364-day paper. (PNA)
