Business, Finance & Technology
T-bill rates have increased once more
Despite the rate increases, the Bureau of the Treasury (BTr) fully awarded the Treasury Bills (T-Bills) on Monday.
The 91-day, 182-day, and 364-day debt papers were each auctioned for PHP5 billion, and each received more interest than expected.
The number of bids for the three-month paper was PHP16.321 billion, for the six-month paper it was PHP15.2 billion, and for the one-year securities, it was PHP14.37 billion.
T-bill rates increased in this week’s auction in accordance with increases in the Bangko Sentral ng Pilipinas (BSP) key rates and anticipations of additional increases in the upcoming weeks.
The 91-day paper’s average rate increased slightly from 4.232 percent last week to 4.250 percent this week.
The 182-day T-bill rate jumped to 4.967 percent, while the 364-day T-bill rate increased to 5.448 percent.
In the auction held last week, they were previously set at 4.959 percent for the six-month paper and 5.393 percent for the one-year debt instruments.
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