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BTr makes full T-bill award

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By Chino S. Leyco

The Bureau of the Treasury (BTr) fully awarded on Monday bids for the short-dated treasury bills amid strong market demand.

The three-month, six-month, and one-year Treasury bills fetched averages of 3.192 percent, 3.348 percent and 3.475 percent, respectively.

The auction was oversubscribed with total bids reaching ₱40.4 billion, more than the ₱20 billion offering.

Due to strong demand, the government TAP facility for the one-year, which was nearly four times oversubscribed, was opened.

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