MANILA – Government securities continued to attract investors as shown by the strong demand for the 25-year Treasury bond (T-bond) on Monday.
The Bureau of the Treasury (BTr) offered the debt paper for PHP35 billion, and bids reached PHP55.949 billion.
The auction committee made a full award.
The average rate of the paper slipped to 4.986 percent from 5.084 percent previously.
In a Viber message to journalists, National Treasurer Rosalia de Leon said there was “healthy demand (and) good rates in today’s auction.”
“Seeing appetite for long tenors for better yields,” she said.