The Bureau of the Treasury fully awarded bids for short-dated IOUs at Monday’s auction, May 3. The three-month, six-month and one-year Treasury bills fetched average rates of 1.306 percent, 1.629 percent and 1.863 percent, respectively—all lower than previous auction and secondary market trading levels. The auction was almost four-times oversubscribed ...

Source: Manila Bulletin (https://mb.com.ph/2021/05/03/p28-2-b-t-bills-sold-91-day-fetches-1-306/?utm_source=rss&utm_medium=rss&utm_campaign=p28-2-b-t-bills-sold-91-day-fetches-1-306)