Treasury fully awards P15B in T-bills

The Bureau of the Treasury fully awarded the P15 billion in new T-bills auctioned off Monday as rates fell across the board.

“Average rates came in below secondary market levels across all tenors amid healthy market demand,” the Treasury said in a statement.

Tenders reached P31.9 billion, making the auction over two times oversubscribed.

For the P6 billion in 91-day treasury bills, the average rate declined to 2.176 percent from 2.189 percent in the previous auction.

Investors tendered P15.8 billion for the three-month IOUs maturing on Nov. 2.

As for the P5 billion in 182-day debt paper, the rate was 2.529 percent.

Bids for the six-month government securities maturing on Jan. 31 next year reached P7.9 billion.

The 364-day T-bills, meanwhile, were accepted at an annual rate of 2.972 percent, down from 2.995 percent previously.

Tenders for the one-year treasury bills maturing on Aug. 1, 2017 totaled P8.2 billion.