5 months T-bills draw mixed results, 92-day fetches 5.563% MB |Biz
By Chino S. Leyco Rates on short-dated IOUs fetched mixed results amid declining yields on three- and six-month securities. At yesterday’s auction, the Bureau of the Treasury raised P13 billion, lower than the initial plan of P15 billion for this week. Demand, on the other hand, was nearly twice the offer, amounting to P29.3 billion. Based on the report, the rate on 92-day Treasury bills settled at 5.563 percent, lower than the previous auction of 5.608 percent, while the 183-day notes secured a 5.578 percent yield, also weaker than the previous’ 5.608 percent. Meanwhile, the Treasury partially awarded the ... more