Treasury bill yields were slightly higher at the auction Tuesday but the Bureau of the Treasury still upsized the issue amount to take advantage of the strong bids.
The BTr offered a total P20 billion in three-, six- and 12-month T-bills. After the bids were submitted, the auction committee accepted more bids on the 182-day paper to boost the issue size to P22.6 billion.
Total tenders reached P53.4 billion.
Yield on 91-day paper rose to 5.966 percent from last week’s 5.940 percent while that on 182-day T-bills increased to 5.996 percent from 5.989 percent. Yield on the one-year bill was flat at 6.022 percent compared to 6.023 percent.
