The Bureau of the Treasury (BTr) on Monday made a full award for the 91-day and 364-day Treasury bills, but upsized the award for the 182-day tenor on strong demand.
It said the average rates of the awarded T-bills were lower than secondary market rates.
Based on the auction’s results, only the 182-day tenor posted lower rate compared to the auction on Aug. 12.
The average rate of the 91-day T-bill rose to 5.940 percent from last week’s 5.900. It was offered for P6.5 billion, with bids amounting to P15.003 billion.
The six-month T-bill recorded an average of 5.989 percent, lower than last week’s 6.093 percent.
This tenor was also offered for P6.5 billion, but the auction committee accepted P9.1 billion after total bids reached P21.874 billion.
The rate of the one-year debt paper rose to 6.023 percent from 6.062 percent last week. Bids reached P24.42 billion, but the auction committee accepted P7 billion based on offering.
“With its decision [to increase the award], the committee raised a total of P22.6 billion compared to the P20.0 billion initial offer,” the BTr said.
