BTr partially awards 91-day, 182-day T-bills - TrueID

BTr partially awards 91-day, 182-day T-bills

Philippine News AgencySeptember 5, 2022

PARTIAL AWARD. The Bureau of the Treasury (BTr) partially awarded Monday (Sept. 5, 2022) the three-month and six-month Treasury bills (T-bills) and rejected tenders for the one-year paper after investors asked for high yields. National Treasurer Rosalia De Leon traced the partial award to demand for higher rates. (Photo screengrabbed from BTr Facebook page)

MANILA – The Bureau of the Treasury (BTr) partially awarded 91- and 182-day Treasury bills (T-bills) on Monday due to rate uptick but fully rejected bids for the 364-day tenor.

It offered all tenors for PHP5 billion each but awarded PHP4.543 billion worth of three-month paper and PHP2.525 billion for the six-month tenor.

Bids reached PHP10.923 billion for the three-month paper, PHP10.629 billion for the six-month, and PHP5.101 billion for the one-year paper.

The average rate of the shortest tenor rose to 2.318 percent from 2.070 percent during the auction last Aug. 22.

The auction committee rejected all bids for the T-bills during the auction last Aug. 30.

The rate of the six-month paper increased to 3.485 percent from 3.336 percent last Aug. 22.

Had the auction committee awarded the one-year T-bill, its average rate would have risen to 4.356 percent from 3.782 percent during the auction last Aug. 22.

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