T-bills demand strong despite MECQ risks to economy

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The Bureau of the Treasury sold P5 billion in the benchmark 91-day T-bills at 1.221 percent, down from 1.335 percent last week. | bendeveraINQ

The Bureau of the Treasury sold P5 billion in the benchmark 91-day T-bills at 1.221 percent, down from 1.335 percent last week.It awarded another P5 billion in 182-day debt paper at an average rate of 1.454 percent, down from 1.605 percent during the previous auction.

The P10 billion in 364-day IOUs fetched an annual rate of 1.749 percent, down from 1.758 percent previously.

Source: Financial Digest (financialdigest.net)

 

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