The national government on Monday borrowed P7.1 billion through the sale of Treasury bills (T-bills), less than half of the P15 billion that the Bureau of the Treasury (BTr) intended to raise.
THE national government on Monday borrowed P7.1 billion through the sale of Treasury bills , less than half of the P15 billion that the Bureau of the Treasury intended to raise.
The Treasury awarded in full the P5 billion-worth of 91-day T-bills with an average rate of 4.089 percent, slightly above the secondary market benchmark level of 4.145 percent. The Treasury awarded P2.1 billion out of the P5 billion-worth of 182-day T-bills as yield averaged at 4.95 percent. The average yield was slightly higher than the 4.848 percent secondary market benchmark level.
The auction for the P5-billion 364-day T-bill only attracted P3.99 billion-worth of offer with the Treasury not awarding a single amount as investors demanded higher than benchmark rates.
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