The Bureau of the Treasury (BTr) fully awarded its P25 billion offer at Monday’s Treasury bills auction as heavy demand drove rates lower across all tenors.
The 90-day T-bills fetched an average rate of 4.883 percent, the 182-day averaged 5.081 percent, and the 364-day at 5.195 percent — all below the previous auction and secondary market benchmarks.
Total bids reached P117.8 billion, nearly five times the BTr’s offer, signaling robust investor appetite.
The oversubscription allowed the auction committee to award the full program.
