MANILA, Philippines – Yields of government’s Treasury bills (T-bills) went up during yesterday’s auction but officials dismissed the slight uptick saying that these movements are insignificant.
The average rate of the 91-day T-bill rose by 3.6 basis points to 4.312 percent from 4.276 percent previously. The highest bid was 4.350 percent while the lowest offer was at 4.275 percent.
Total tenders reached P2.240 billion as the bank awarded P1.5 billion worth of the paper.
The average rate of the 182-day debt paper rose 4.504 percent, up by 4.8 percent from the 4.456 percent previously. Total tenders reached P3.82 billion as the government awarded P12.5 billion worth of the paper. The highest bid reached 4.575 percent while the lowest offer was 4.458 percent.
Similarly, the yield of the 364-day T-bill went up to 4.684 percent from 4.629 percent previously. The highest bid was 4.725 percent while the lowest rate was 4.635 percent.
The government awarded P1.3 billion worth of the paper as total tenders reached P3.5 billion.
Deputy Treasurer Eduardo Mendiola said investors were on the sidelines as they are still waiting for fresh leads from the Bangko Sentral ng Pilipinas (BSP) and from the gross domestic product (GDP) report next week.–Iris C. Gonzales, Philippine Star
March –
IT’S WOMEN’S MONTH!
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against serious violations of protocols of
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