Yields on Treasury bills, sometimes called T-bills, are likely to move sideways, as compared to the previously fetched rates on the back of good demand as expected for short-term securities. The government also plans to raise at least Php 20 billion in the auction today, with 8 billion going towards 91-day debt papers and Php 6 billion for both 182 and 364 day papers each.
The bids for the T-Bills are likely to remain steady, as opinionated by a trader interviewed by phone. The rates are expected to be in line with the previous ones and it will move steady across all tenors. The trader also added that the demand is still expected to be strong, with three-month and six month debt notes to be twice oversubscribed.
