91-day T-bill fell to a record low below 3%

The benchmark T-bill drops to a record low at a regular auction yesterday.; to 2.885% from 3.008% at the auction last feb. 05.

The 182-day T-bill also fell to 3.395% from 3.473% and the 364-day T-bill was at 3.820% from 3.998%.

The government sold PhP 4.8 bn worth of bills, above the PhP 4 billion it offered. Brokers and other investors submitted a total of php 22.1 bn in bids.

Reference / Source: Philippine Star; Business Pages - February 20, 2007