The Bureau of the Treasury continued to allow treasury bill yields to rise at Monday’s auction, with demand for short-term debt paper still strong.
Total tenders for the P15 billion offer was more than double at P35 billion,
Yield on the benchmark 91-day paper rose to 5.305 percent from last week’s 5.226 percent. Total tenders for the three-month debt reached P11.94 billion, more than the double the offered amount of P5 billion that was awarded in full.
Yield on the 182-day and 364-day bills rose to 5.766 percent and 6.037 percent from 5.685 percent and 5.999 percent, respectively.
The National Treasury offered P5 billion each for the six- and 12-month treasury bills. Both maturities attracted strong demand allowing the auction committee to award the entire amount.
Total bids for the 181-day bills reached P10.95 billion and P12.08 billion for the one-year bill.
