January 22, 2007
Updated 14:09:02 (Mla time)
TREASURY bill rates dropped to new, all-time lows across the board in Monday’s auction, with the government's offering of P5.6 billion fully awarded as total tenders from banks reached P30.51 billion, the Bureau of Treasury said.
The auction committee's regular offer of P4 billion had already been fully awarded but given the strong demand, it decided to accept additional bids totaling P1.6 billion for a total award of P5.6 billion.
The 91-day T-bill average rate, which banks use in pricing loans, fell to 3.171 percent from the previous rate of 3.795 percent.
The government initially accepted bids of P500 million for this tenor but later added P200 million, for a full award of P700 million.
Total bids for the 91-day rate reached P4.97 billion.
The average rate for the 182-day bill declined 3.665 percent from the previous rate of 4.3171 percent.
A full award of P1.5 billion was accepted for this maturity out of total bids of P13.345 billion, with the auction committee offering an additional P600 million, for a total award of P2.1 billion.
The 364-day rate also fell to 4.218 percent from the previous rate of 4.604 percent, with the government making an initial award of P2 billion. It later increased its offer by P800 million for a full award of P2.8 billion for this tenor.
Total bids for the one-year rate hit P12.195 billion.
http://services.inquirer.net/express/07/01/22/html_output/xmlhtml/20070122-44872-xml.html
No comments:
Post a Comment