T-bills rates continue to slide on robust demand

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