Treasury bill rates crawled higher at the auction Monday with still building inflationary pressure affecting market sentiment.
Total tenders reached P44.8 billion, three times the P15 billion offered at the auction. The Bureau of the Treasury (BTr) awarded the full amount offered.
Yield on the 91-day paper inched up to 5.888 percent from last week’s at 5.870 percent while that on the 182-day paper rose to 6.002 percent from 5.973 percent previously. The 364-day paper yield increased to 6.080 percent from 6.044 percent.
On Tuesday, P30 billion will be offered by the BTr in 20-year bonds originally issued in February at a coupon of 6.25 percent.
