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 5.438 percent, 5.781 percent, and 5.922 percent, respectively.

According to Philippines News Agency, last week, the average rates of the 91-, 182-, and 364-day T-bills settled at 5.214 percent, 5.622 percent, and 5.807 percent. "Strong investor demand pushed total tenders to PHP71.3 billion, equivalent to 1.7 times the offered amount," the BTr said in a statement.

With its decision, the BTr raised the full program of PHP42 billion.