The Bureau of the Treasury yesterday made a partial award of P12.518 billion out of the P15 billion on offer.Week-on-week, overall demand for the short-term securities declined 18 percent to P22.564 billion. The auction was oversubscribed by 1.504 times.
Rates yesterday went up across the board in comparison with the reference rates, as well as on a weekly basis. Meanwhile, rates for the 91-day T-bills went up 9.4 basis points to 5.806 percent from the secondary rate of 5.712 percent, and is higher from last week’s 5.698 percent. All three tenors were only partially awarded at P4.788 billion, P4.41 billion and P3.32 billion for 91, 182 and 364 days, respectively, instead of the P5 billion each.
This has been the third week of rollback in prices for both gasoline and diesel after consecutive weeks of oil price hik...
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