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.