Results were mixed in Monday\u2019s Treasury bills auction, with the Committee fully awarding bids for the 91- and 182-day T-bills, while partially awarding the 364-day security.<\/p>\n
The 91- and 182- day T-bills fetched average rates of 4.558 percent and 4.737 percent, respectively, prompting the Committee to double the non-competitive bids for these tenors to PHP9.6 billion and PHP7.2 billion.<\/p>\n
Total demand for the 91-day tenor amounted to PHP36.9 billion with the Bureau of the Treasury (BTr) accepting PHP16.8 billion, higher than the PHP12-billion initial offer.<\/p>\n
For the 182-day security, tenders reached PHP23.2 billion.<\/p>\n
Of the total, PHP12.6 billion was awarded, also higher than the PHP12-billion program.<\/p>\n
Meanwhile, acceptance of the 364-day T-bills was capped at PHP8.2 billion with an average of 5.184 percent.<\/p>\n
Last week, the average rate of the 91-, 182-, and 364-day T-bills settled at 4.542 percent, 4.649 percent, and 5.052 percent.<\/p>\n
“Treasury bill average auction yields mostly corrected slightly higher after the latest +0.25 [basis points] Bangko Sentral ng Pilipinas rate hike to 4.50% and signals of future BSP rate hike,” Rizal Commercial Banking Corporation chief economist Michael Ricafort said.<\/p>\n
With its decision, the Committee raised PHP37.6 billion from the PHP30 billion initial program. (PNA)<\/p>\n","protected":false},"excerpt":{"rendered":"
Partial awards suggest cautious bidding for longer-term instruments.<\/p>\n","protected":false},"author":73,"featured_media":264218,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19565],"tags":[],"class_list":["post-264217","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business-today"],"zyndk8_nxtgen_metadata":{"nxtgen_comments":[{"8399":"ang ganda ng auction results \ud83d\udc99\r","8400":"this shows confidence ng investors \u2764\ufe0f\r","8401":"ang solid \ud83d\udc4d\r"}]},"yoast_head":"\n