T-bill rates decline as inflation woes ease

The average rates on Treasury bills again fell across the board, with the national government raising a total of P15 billion, as planned, through the full award of short-term debt papers as lenders’ appetite grew further. | RonWDomingoINQ /PDI

The average rate on the 91-day T-bills went down by 27.3 basis points to 5.611 percent from 5.884 percent last week.Also, the average for the 182-day T-bills eased by 27.2 bps to 6.823 percent from 6.095 percent.

Further, the average for the 364-day T-bills decreased by 4.2 bps to 6.184 percent from 6.226 percent. “The auction was 4.4 times oversubscribed, attracting P66.7 billion in total tenders,” the BTr said in a statement. “With its decision, the committee raised the full program of P15 billion for the auction.”

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