BTr Upsizes Treasury Bills Award
Manila: The Bureau of the Treasury (BTr) has increased the award of Treasury bills (T-bills) during Monday’s auction. Total tenders for the 91-day T-bills amounted to PHP37.74 billion, with the Auction Committee accepting PHP7 billion, as the yield settled at 5.388 percent. According to Philippines News Agency, the 182-day T-bills saw total tenders reaching PHP36.74 billion. The Auction Committee accepted PHP11.9 billion, which was higher than the initial offer of PHP8.5 billion, with the yield settling at 5.543 percent. For the 364-day tenor, total tenders amounted to PHP28.97 billion, with the Auction Committee accepting PHP9.5 billion and a yield of