MANILA, Philippines — On Monday, Treasury bills (T-bills) rates climbed, causing the one-year debt paper…
T-bill rates are rising for all tenors.
Notwithstanding the general rate increase, the Bureau of the Treasury (BTr) only fully granted the one-year paper on Monday, but only partially awarded the three- and six-month T-bills.
It offered all tenors for PHP5 billion each but only granted 91-day paper worth PHP3.781 billion and 182-day securities at PHP4.056 billion.
This comes after the average rates for the three-month and six-month papers increased to 4.664 percent and 5.4 percent, respectively.
The 91-day paper’s rate was 4.586 percent during the auction on March 6 while the 182-day paper’s rate was 5.378 percent.
In a similar vein, the rate on the one-year T-bill increased from last week’s auction’s 5.707 percent to 5.717 percent.
The total amount of bids for the three-month paper was PHP6.091 billion; for the six-month and one-year papers, it was PHP7.816 billion and PHP7.722 billion, respectively.
National Treasurer Rosalia de Leon sent a Viber message to journalists saying, “Partial award for 91- and 182-day but the full reward for one-year to ensure rates are within secondary standards.***
We appreciate your reading. 😊Simple Ways To Say Thanks & Support Us:
1.) ❤️Give a Tip. If you would like to make a small donation to support us, please give a tip thru PayPal at https://paypal.me/SocialBoostVA😊❤️
Subscribers in the Philippines can make donations to mobile number 0917 906 3081, by using the GCash website or GCash mobile application.
2.) Be one of our SPONSOR. We can published your promotions, PR stories/news articles with contact details as an additional exposure of your company products and services.
3.) 👍 Give this news article a Thumbs Up, Leave a Comment (at Least Five Words), and Share!
Cebuano English Filipino