Treasury bills rates continued to fall across the board on Monday as government securities remained appealing to investors while the economy awaits an injection of fiscal stimulus to fight COVID-19.
The Bureau of the Treasury awarded all P20 billion in treasury bills while it offered to sell another P5 billion in one-year debt paper through the tap facility window, National Treasurer Rosalia V. de Leon said.
The Treasury sold P5 billion in the benchmark 91-day bills at an average rate of 1.335 percent, down from 1.454 percent last week.
It also awarded P5 billion in 182-day bills at 1.605 percent, down from 1.625 percent previously.
The 364-day securities fetched an annual rate of 1.758 percent, down from 1.77 percent.
Across the three tenors, tenders totaled P64.3 billion. INQ