T-bill yields rise, 91 days to 1.044% – Manila Bulletin
Yields on short-term debt securities edged up across the board yesterday amid lingering concerns over the “Delta” variant of the coronavirus and sustained high inflation in June, the Treasury Office said.
In Monday’s July 5 treasury bill auction, the rate on 91-day treasury bills, which banks use to price their loans, rose to 1.044% from 1.031% previously.
The Treasury sold the 5 billion pesos of three-month debt securities offered. Investors were however asking for P16.55 billion from government security or IOUs.
Six-month Treasury bill rates also rose to 1.365% from 1.332% previously, with the government accepting offers for 5 billion pesos on the 182-day papers offered even as the total of offers reached 16.11 billion. pesos.
In addition, the yield on one-year debt securities edged up to 1.575 percent from 1.562 percent as the government accepted bids worth 5 billion pesos as expected as total bids reached 16.66 billion pesos.
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