T-bill rates end mixed

MANILA -- Rates of the Philippines’ Treasury bill (T-bill) posted mixed results Monday, with bids for the 91-day fully rejected.

Average rate of the 182-day paper rose to 3.174 percent from 3.171 percent during the auction last October 7. Its rates in the secondary market after Monday’s morning session were higher at 3.2 percent.

Bureau of the Treasury’s (BTr) auction committee made a full award of PHP6 billion while total bids reached PHP16.41 billion.

On the other hand, rate of the 364-day T-bill slipped to 3.576 percent from 3.577 percent in the previous auction. Second

ary market rate ended at 3.353 percent after the end of the morning session.

It was offered for PHP6 billion and was fully awarded, while tenders were more than three times at PHP21.72 billion.

Meanwhile, the auction committee rejected all the

PHP21.65 billion bids for the bellwether 91-day paper.

Had the auction committee fully awarded this tenor, its rates would have risen to 3.122 percent, higher than the 2.995 percent previously, but lower than the 3.14 percent in the secondary market after the day’s morning session. (PNA)