NextGen Day

On Monday, the rate of Philippine Treasury notes (T-bills) fluctuated, indicating that domestic liquidity remained strong.

The 91-day rate increased to 1.077 percent, while the 182-day and 364-day rates remained unchanged at 1.408 percent and 1.612 percent, respectively.

During the August 16 auction, these were 1.066 percent, 1.407 percent, and 1.617 percent for three-month, six-month, and one-year papers, respectively.

After all, tenors were oversubscribed, the Bureau of the Treasury (BTr) tendered all tenors for PHP5 billion, and the auction committee made full award across the board.

Tenders for the 91-day paper totaled PHP14.606 billion, while the 182-day paper received PHP19.021 billion, and the one-year paper received PHP17.24 billion.

In a Viber message to media, National Treasurer Rosalia de Leon said, “(The auction) was well attended, and the result (is) anticipated as liquidity remains to be deployed.”

BTr did not provide the debt papers via the tap facility window throughout the day due to a large number of bids.

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