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High bids lead to partial award.
Byline: Ann Rozainne R. Gregorio
THE GOVERNMENT made a partial award of Treasury bills offered at yesterday's auction, as it rejected all bids for the 182-day papers and aligned rates with yields at the secondary market.
The Bureau of the Treasury (BTr) raised only P4.4 billion from the debt sale, less than half its P9-billion planned borrowing yesterday.
Of the total, it sold P2.5 billion worth of three-month papers, as planned, and P1.9 billion worth of one-year securities, a little over half the planned P3.5 billion.
The government rejected bids for the 182-day papers.
"We aligned our rates with the secondary market rates," National …
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