BTr awards P25B T-bills amid strong P97.17B demand

The Bureau of the Treasury (BTr) fully awarded P25 billion in Treasury bills in Monday's auction, with investor demand reaching P97.17 billion.

The average yield for the 91-day securities was 4.884%, the 182-day securities was 5.058%, and the 364-day securities was 5.097%.

These yields represent a slight decrease compared to the previous week, with the 91-day T-bill yield slightly increasing.

The easing of T-bill yields is attributed to the Bangko Sentral ng Pilipinas' (BSP) recent rate cut and dovish signals from the US Federal Reserve.

These factors are expected to support potential future rate cuts by the BSP, maintaining healthy interest rate differentials.

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