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Mixed results seen in auction of treasury bills

By Ronnel Domingo
Philippine Daily Inquirer
First Posted 19:31:00 08/09/2010

Filed Under: business, bonds and t-bills, State Budget & Taxes, Government Debt

MANILA, Philippines?The yield on the 91-day treasury bills went down by 2 basis points to 3.965% as the Monday auction showed mixed results, the Bureau of Treasury said.

The yield on the 182-day bill went up by one basis point to 4.263% while that for the 364-day bill increased 1.6 basis points to 4.516%.

The T-bill auction showed a very liquid market, with offers oversubscribed by at least twice.

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