T-bill rates increase for 5th straight week

The government managed to borrow P20 billion in short-term securities even after rates moved upward for the fifth straight week amid expectations of a faster October inflation print.

- By LOUISE MAUREEN SIMEON

The Bureau of the Treasury yesterday fully awarded the entire P20 billion of T-bills offered at the first T-bill auction for November.

Yields for the three tenors were mostly higher in reference to last week's rate.

Rates for the 91-day offer rose by 27.8 basis points to 5.605 percent from 5.327 percent in the secondary market and also up from last week's 5.586 percent.

Yields averaged 5.735 percent for the 182-day T-bills, 6.1 basis points below the secondary rate and down from last week's 5.752 percent.