Daily News

Gov’t makes partial award of 182-day T-bills as rates climb

The government made a partial award of the Treasury bills (T-bill) it auctioned off on Monday as rates on the six-month securities increased. The Bureau of the Treasury (BTr) only raised P17.99 billion via the T-bills out of the P20-billion program, fully awarding the 91- and 364-day papers while rejecting some bids for the 182-day securities. This, even as the auction attracted P56.1 billion in bids or more than twice than the offering.