The Philippine government again resorted to partial awards of Treasury bills across the board, raising only P10.572 billion out of the P15-billion offer, to keep yields in range with secondary market rates. /PDI
Meanwhile, the government raised P4.729 billion out of P5 billion from 364-day T-bills.Had the committee gone with a full award, the average rate on the benchmark bills would have respectively risen by 52.1 bps to 6.071 percent.
Likewise, the average rate on the 182-day bills would have gone up by 28.7 bps to 6.099 percent, and on the 364-day bills by 15.2 bps to 6.225 percent. Further, the latest average rates were also higher across the board compared to prevailing rates for corresponding done deals at the secondary market.INQUIRER.net wants to hear from you! Take part in our reader survey and help us be better. Click on this image to answer.Subscribe to our daily newsletter
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