MANILA – Rate of the Philippines’ Treasury bills (T-bills) posted mixed movement on Monday as domestic liquidity remains high.
Average rate of the 91-day paper rose to 1.077 percent while the 182-day and 364-day moved sideways to 1.408 percent and 1.612 percent, respectively.
These were at 1.066 percent, 1.407 percent, and 1.617 percent for the three-month, six-month, and one-year paper during the auction last August 16.
Bureau of the Treasury (BTr) offered all tenors for PHP5 billion, and the auction committee made full award across the board after all tenors were oversubscribed.
Tenders for the 91-day paper reached PHP14.606 billion while it amounted to PHP19.021 billion for the 182-day and the PHP17.24 billion for the one-year paper.
“(The auction was) well participated and outcome (is) expected as liquidity remains to be deployed,” National Treasurer Rosalia de Leon told journalists in a Viber message.
Amidst the high volume of bids, the BTr did not offer the debt papers over the tap facility window during the day. (PNA)