Also, the committee awarded only P2.125 billion out of P5 billion of the offered 182-day T-bills. The new average yield was 11.1 bps higher at 5.677 compared to the previous 5.566 percent.
Further, the fresh average rates were higher across the board compared to prevailing rates for corresponding done deals at the secondary market. Likewise, the new average for the six-month bills was 11.8 bps higher while that for the yearlong bills was 4.7 bps higher. Secondary market rates were pegged at 5.559 percent and 5.94 percent, respectively.
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