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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 ....

Bureau Of The Treasury Btr , Federal Reserve , Treasurer Rosalia De Leon , National Treasurer Rosalia De Leon Manila The Treasury Billt Bill Rates Rose On Monday , Hich Resulted In The Full Award Only For Three Month Paper Average Rate Of 91 Day Rose To 1 587 Percent , He 182 Day To 1 856 Percent , Nd The 364 Day To 2 137 Percent These Were At 1 536 , Nd 1 792 Percent For The Three Month , Six Month , Nd One Year Papers During The Auction Last March 21 Bureau Of Treasury Btr Offered All Tenors For Php5 Billion Each , Nd All Were Oversubscribed Total Tenders For The 91 Day Paper Reached Php17 802 Billion While It Amounted To Php9 4 Six Month And Php8 602 One Year Securities However , Nly The Three Montht Bill Was Awarded During Day Quot Market Jitters Continue With Another Round Of Oil Price Hikes And Fed Federal Reserve Aggressive Tone , Ncluding 50 Bps Basis Points Rate Hike To Tame Inflation , Uot National Treasurer Rosalia De Leon Told Journalists Ina Viber Message Last Week , He Government Tapped The International Debt Market , Ts First For The Year , Hrough The Successful Offer Of Usd2 25 Billion Worth Multi Year Us Dollar Denominated Bonds De Leon Said Success Government 39s Latest Global Bond Offering Gives Fiscal Authorities Confidence To Reject Bids During Weekly Debt Paper Quot Recent In Market Strongly Positions Btr Meet Disbursement Even With Rejections Auctions If Markets Demand An Arm Anda Leg , Uot She Added Pna ,