The Treasury awarded P7 billion—more than the P5-billion offering—in the benchmark 91-day debt paper at an average rate of 2.09 percent, down from 2.269 percent last week.It sold another P7 billion in 182-day treasury bills—also exceeding the P5-billion offer—at 2.193 percent, down from 2.374 percent previously.The P10 billion in 364-day IOUs fetched an annual rate of 2.653 percent, down from 2.761 percent.
Across the three tenors, tenders totaled P103.8 billion, making the auction more than five times oversubscribed compared with the P20-billion total offering.
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