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Latest Breaking News On - National treasurer rosalia de leon manila the treasury billt bill rates rose on monday - Page 1 : comparemela.com

BTr rejects bids for 6-month, 1-year T-bill after rates uptick

National Treasurer Rosalia de Leon MANILA - The Treasury bill (T-bill) rates rose on Monday, which resulted in the full-award only for the three-month paper. The average rate of the 91-day paper rose to 1.587 percent, the 182-day to 1.856 percent, and the 364-day to 2.137 percent. These were at 1.536 percent, 1.607 percent, and 1.792 percent for the three-month, six-month, and one-year papers during the auction last March 21. The Bureau of the Treasury (BTr) offered all tenors for PHP5 billion each, and all were oversubscribed. Total tenders for the 91-day paper reached PHP17.802 billion while it amounted to PHP9.4 billion for the six-month paper and PHP8.602 billion for the one-year securities. However, only the three-month T-bill was awarded during the day. "Market jitters continue with another round of oil price hikes and Fed (Federal Reserve) aggressive tone, including 50 bps (basis points) rate hike to tame inflation," National Treasurer Rosalia de Leon told journalists

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