Manila, Sept. 14 -- The Bureau of the Treasury (BTr) fully awarded bids for Treasury bills (T-bills) during Monday's auction.

The 91-, 182- and 364-day T-bills fetched average rates of 5.438 percent, 5.781 percent and 5.922 percent, respectively.

Last week, the average rates of the 91-,182- and 364-day T-bills settled at 5.214 percent, 5.622 percent and 5.807 percent.

"Strong investor demand pushed total tenders to PHP71.3 billion, equivalent to 1.7 times the offered amount," the BTr said in a statement.

With its decision, the BTr raised the full program of PHP42 billion.

Published by HT Digital Content Services with permission from Philippines News Agency....