T-bills mixed in auction
MANILA, Philippines - The government’s treasury bill auction on Monday yielded mixed results, with a decline in the rate of the 364-day T-bill and higher rates for the shorter-tenored papers.
The average rate of the one-year T-bill fetched 4.62% from the 4.667% reported in the January 25 auction. Total tenders reached P10.38 billion as the government awarded P3.5 billion worth of the paper.
The 91-day and 182-day T-bills, on the other hand, rose from the previous auction at 3.935% and 3.897%, respectively.
Out of the total tenders of P4.03 billion for the 91-day T-bills, the government made an award of P2 billion.
Meanwhile, total tenders reached P10.24 billion for
the 6-month T-bill, with the government awarding P3 billion worth of
the paper. (abs-cbn)
Last week, bond traders said T-bill rates across all maturities are
likely to rise due to concerns over inflation. Philippine annual
inflation eased to 4.3% in January, the first time in 5 months.
“Inflation, although contained, still remains high,” a trader told
BusinessWorld last week. With reports from Reuters and BusinessWorld
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