The average rates of treasury bills were higher at the auction Monday as the market awaits further monetary policy signals both from the US and the Bangko Sentral ng Pilipinas.
Yield on T-bills rose despite the decision of the Bureau of the Treasury to trim the offer size to P15 billion from P20 billion previously. Total tenders declined to P47.2 billion from P51.7 billion in the previous week.
The average rate on the 91-day T-bill rose to 5.647 percent from 5.631 percent while the yield of 182-day bills inched up to 5.882 percent from P5.862 percent.
Interest rate on the 364-day bills climbed to 5.905 percent from 5.871 percent.
