Benchmark interest rates increased anew across the board at an auction of short-term government debt papers on Monday, July 19.
The yield on the 91-day Treasury bill, which banks use in pricing their loans, moved up to 1.082 percent from 1.068 percent a week ago.
The government accepted P5 billion worth of bids for the three-month IOUs, even as investors were willing to buy as much as P17.04 billion of the debt papers.
The 182-day T-bill rate also rose to 1.401 percent from 1.384 percent in the previous week, as the government borrowed P5 billion from the sale of the six-month debt papers, even as investors were willing to lend as much as P15.88 billion.
The yield on the one-year IOU inched up to 1.629 percent from 1.593 percent last week. The government sold P5 billion of 364-day T-bills as investors were offering P12.81 billion.