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...