P20-B T-bill sold, 91-day at 1.006%

Published December 2, 2020, 5:30 AM

by Chino S. Leyco

The national government raised P20 billion through the sale of short-term IOUs (treasury bills).

The Bureau of the Treasury saw mixed results at yesterday’s auction with interest rates on both three- and six-month notes slightly rose, while yield on one-year papers declined.

The average 91-day Treasury bills (T-bills) settled at 1.006 percent, up from P0.986 percent last week, while 182-day T-bills fetched 1.386 percent, marginally higher than the previous 1.385 percent.

 Interest rate on 364-day papers decreased from 1.695 percent to 1.693 percent. Total tenders for the three tenors reached P75.9 billion, nearly four-times than P20 billion offer.  The treasury bureau opted not to open its tap facility.

 
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