The national government successfully borrowed P15 billion from the domestic market through the sale of Treasury bills as average auction yields fell slightly after rising for two consecutive weeks.
Meanwhile, the yield of the 183-day T-bills also slightly inched up to 5.908 percent compared to last week’s auction at 5.904 percent. The government security rates settled between 5.898 percent and 5.925 percent. The amount tendered per tenor was P17.360 billion for the 92-day, P12.560 billion for the 183-day, and P12.465 billion for the 365-day T-bills.
This is within the Bangko Sentral ng Pilipinas’ target range of 3.5 percent to 4.3 percent and the Cabinet-level Development Budget Coordination Committee’s range of 2 percent to 4 percent.
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