Treasury bill yields were lower at Monday’s auction, with demand for shorter-dated securities still strong.
Total tenders for the P25 billion offer reached P92.2 billion, allowing the Bureau of Treasury raise a total P28.4 billion. The Bar upsized the issued amount for 182-day treasury bills to P11.9. billion from the offer amount of P8.5 billion.
Average rates for the 91-day treasury bill eased to 5.422 percent from the previous week’s 5.475 percent while that only 182-day bill slipped to 5.566 percent from 5.575 percent last week. The yield on the 364-day debt slipped to 5.631 percent from 5.650 percent.
The BTr said that aside from being lower than previous auction, yields of treasury bills were also lower compared to prevailing secondary market rates.
