January 4, 2021 | 12:04 am Font Size MARA RIVERA/UNSPLASH GOVERNMENT SECURITIES on offer this week may see their yields move sideways at the first auctions of the Bureau of the Treasury (BTr) this year. The BTr will offer P20 billion in Treasury bills (T-bills) on Monday: P5 billion each in 91- and 182-day debt papers and P10 billion in 364-day securities. On Tuesday, it is looking to borrow P30 billion via an offer of reissued 10-year Treasury bonds (T-bonds). The notes have a remaining life of four years and eight months and carry a coupon of 3.625%. A bond trader said via Viber over the weekend that the yields of the T-bills on offer on Monday could move sideways or slightly lower, while the five-year bonds could fetch rates between 2.5% and 2.575% “as the tenor remains attractive for yield pickup.”