BTr Fully Awards Treasury Bills at Auction
Manila: The Bureau of the Treasury (BTr) fully awarded bids for Treasury bills (T-bills) during Monday’s auction. The 91-, 182-, and 364-day T-bills fetched average rates of 4.884 percent, 5.058 percent, and 5.097 percent, respectively. According to Philippines News Agency, last week, the average rate of the 91-, 182-, and 364-day T-bills settled at 4.880 percent, 5.072 percent, and 5.119 percent. Rizal Commercial Banking Corporation chief economist Michael Ricafort noted that T-bill average auction yields mostly eased as a continuing effect of the surprise rate cut by the Bangko Sentral ng Pilipinas. Ricafort further stated, “T-bill average auction yields also