MANILA, Philippines—Treasury bill rates rose across-the-board on Monday (July 12) alongside a weaker peso which fell to the 50:$1 level last week.
The Bureau of the Treasury awarded all P15 billion in T-bills it offered as demand remained strong with a total of P42.1 billion in bids across the three tenors, or maturity periods, making the auction almost three times oversubscribed.
The Treasury sold P5 billion in the benchmark 91-day debt paper at an average of 1.068 percent, up from 1.044 percent last week.
It also awarded P5 billion in 182-day IOUs at 1.384 percent, up from 1.351 percent previously.
The P5 billion in 364-day securities fetched an annual rate of 1.593 perce…
Keep on reading: T-bill rates rise as peso weakens to 50:$1