Government raises ₧15B from sale of T-bills as investors relax

THE state successfully borrowed P15 billion from the domestic market through the sale of Treasury bills as investors’ asking yields continued to fall.

The average rate for the 91-day T-bills settled at 5.575 percent, compared to its secondary market counterpart of 5.655 percent. However, it was slightly higher than its previous week’s average yield of 5.552 percent.The average yields for the 182-day and 364-day T-bills were both lower than their secondary market benchmark levels and their previous week’s rates.

According to the Treasury, the auction was 3.5-times oversubscribed, attracting P51.8 billion in total tenders.

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