Treasury bill yields were up at the auction Monday after the central bank last week kept overnight rates high on lingering concern over further inflation acceleration.
Demand for T-bills remained strong at P39.8 billion, around 2.7 times more than the offered amount of P15 billion, allowing the Bureau of the Treasury to award in full the offered volume.
The average rate on the 91-day T-bill rose to 5.870 percent from 5.772 percent while the 182-day paper inched up to 5.973 percent from 5.885 percent.
Yield on the 364-day bill climbed above 6.00 percent, settling at 6.044 percent after rising to 5.983 percent last week.
