The Bureau of the Treasury allowed treasury bill yields to move higher as it awarded the entire P15 billion it offered at Monday’s auction
Total tenders reached P43.2 billion, nearly three times the offered amount.
The rise in average rates accepted by the BTr for the three-, six- and 12-month treasury bills was in line with prevailing rates for similar debt maturities in the secondary debt market.
Yield on the 91-day paper rose to 5.226 percent from 5.102 percent while that on the 182-day bill rose to 5.685 percent from 5.582 percent. The one-year treasury bill saw yield rise to 5.999 percent from 5.973 percent.
