Manila, March 23 -- Results were mixed during the Treasury bills (T-bills) auction on Monday as the Auction Committee decided to fully award bids for the 91- and 182-day T-bills while partially awarding the 364-day security.

The 91- and 182-day T-bills fetched average rates of 5.004 percent and 5.032 percent, respectively.

Meanwhile, acceptance of the 364-day T-bill was capped at 5.166 percent.

Last week, the average rates of the 91-, 182-, and 364-day T-bills settled at 4.900 percent, 4.948 percent, and 5.066 percent.

The auction was 1.4 times oversubscribed, attracting PHP36.7 billion in total tenders.

With its decision, the committee raised PHP21.7 billion of the P27 billion total offering.

"T-bill auction yields again higher aft...