THE Bureau of Treasury said that the national government was able to raise P15 billion from the Treasury bills (T-bills) auction.

BTr had fully awarded bids for T-bills during the auction.

The report also said that the 91-, 182-, and 364-day T-bills fetched average rates of 5.306 percent, 5.766 percent and 6.037 percent, respectively.

Meanwhile, those slightly higher 5.226 percent, 5.685 percent, and 5.999 percent average rate of the 91-, 182-, and 364-day T-bills on Jan. 15, 2024.

The BTr said that the auction was 2.3 times oversubscribed.

It was also able to attract P35 billion in total tenders.

Rizal Commercial Banking Corporation chief economist Michael Ricafort explained that the T-bills average auction had given yields corrected higher for the fifth straight auction.