Investors demanded higher yield for short-term government securities on the back of higher global crude oil prices, dampening the Bureau of the Treasury’s (BTr) plan of borrowing a total of P15 billion from the domestic market.
INVESTORS demanded higher yield for short-term government securities on the back of higher global crude oil prices, dampening the Bureau of the Treasury’s plan of borrowing a total of P15 billion from the domestic market.
The average rates for the T-bills were as follows: 5.598 percent for 91-day, 5.99 percent for 182 and 6.294 percent for 364-day. The 91-day T-bills fetched rates from 5.573 percent to 5.615 percent while investors’ asking yields for the 182-day debt paper ranged between 5.95 percent and 5.998 percent. The asking rates for the 364-day T-bills, meanwhile, were between 6.15 percent and 6.325 percent.
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