THE Bureau of Treasury said results were mixed in today's Treasury bill auction as the Auction Committee decided to fully award bids for the 363-day 1 T-bill while partially awarding the 91-day T-bill and rejecting bids for the 181-day 1 T-bill. The 363-day security fetched an average rate of 6.247 percent while the 91-day T-bill was capped at 6.000%. Meanwhile, the average rate for the 181-day T-bill reached 6.230 percent had it been awarded. The auction was 1.5 times oversubscribed, attracting P22.1 billion in total tenders. With its decision, the committee raised P6.9 billion of the P15.0 billion offering. The next T-bill auction is on May 10, 17, 24, and 31, 2023. BTR
