The investors asking rates for short-term government debt papers rose to the third straight week, forcing Tuesday’s Treasury bills (T-bills) tender to end in mixed results with the government unable to borrow its full P15-billion target amount.
THE investors asking rates for short-term government debt papers rose to the third straight week, forcing Tuesday’s Treasury bills tender to end in mixed results with the government unable to borrow its full P15-billion target amount.
The Treasury made a full award of P5 billion each for the 182-day and 363-day T-bills while it partially awarded the 91-day T-bills amounting to P3.608 billion. The average rates during the auction were also higher than their secondary market counterparts: 5.863 percent for 91-day T-bills; 5.901 percent for 182-day T-bills; and, 5.948 percent for 363-day T-bills.
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