Yields on short-dated government debts went up during Monday’s sale of Treasury bills (T-bills) as investors await the inflation data and the central bank’s next policy decision this week.
Auction results showed the Bureau of the Treasury was able to raise its target amount of P22 billion via T-bills.
The offering was 3.4 times oversubscribed after attracting total tenders amounting to P74.5 billion.
Even so, the 91-day debt paper fetched an average rate of 4.983 percent, higher than the previous offering’s 4.828 percent.
The average yield for the 182-day T-bill stood at 5.128 percent, up from last week’s 5.075.
Lastly, investors asked an average rate of 5.228 percent for the 364-day securities, higher than the preceding auction’s 5.171 percent./tad