THE Bureau of the Treasury (BTr) offering P140 billion worth of government securities this February, same as this month except for the tenors of the Treasury bonds (T-bonds).
In a memorandum to government securities eligible dealers (GSEDs) dated Jan. 26, national treasurer Rosalia de Leon said the 91-day treasury bill (T-bill) and 182-day T-bill will be offered for P5 billion each on Feb. 3, 10, 17, and 24, while P10 billion worth of 364-day T-bill will be offered during the same dates.
The P30 billion worth of 10-year T-bond and three-year T-bond will be up for auction on Feb. 4 and 18, respectively.
The BTr offered the same amount of T-bond this month but the tenors are five-year and seven-year.
De Leon attributed the decision to offer a longer tenor T-bond this month to “very low yields.”
“And investors may have (an) appetite for yield pick-up,” she added.(PNA)
