MANILA — Results were mixed in the Treasury bills (T-bills) auction on Monday, with the Auction Committee increasing awarded bids for short-term securities while partially awarding the one-year tenor amid strong investor demand.

The committee raised allocations for the 90-day and 181-day T-bills to ₱15 billion and ₱30 billion, respectively, reflecting continued appetite for short-term government debt instruments.

The 90-day T-bills fetched an average rate of 5.142 percent, while the 181-day securities were priced at an average of 5.700 percent.

For the longer-dated 363-day T-bills, the committee capped acceptance at ₱4.8 billion, lower than the initial offer of ₱7 billion. The average rate for the one-year tenor settled at 6.163 percent.

The auction was nearly twice oversubscribed, drawing ₱68.3 billion in total tenders from investors.

Despite strong demand, the committee raised a total of ₱32.8 billion, below the original offering of ₱35 billion.