Manila, June 9 -- The Bureau of the Treasury (BTr) has raised PHP28.6 billion for the national government on Monday's auction after awarding the Treasury bills (T-bills) in full.

The Auction Committee fully awarded the 91-, 182-, and 364-day T-bills after the debt papers were 3.9 times oversubscribed, with total tenders amounting to PHP98.3 billion.

"The 91-, 182-, and 364-day T-bills fetched average rates of 5.451 percent, 5.524 percent, and 5.656 percent, respectively," the BTr said.

Yields for T-bills offering on Monday's auction were lower than last week's average rates for all tenors.

"Treasury bill average auction yields again slightly eased after the further improvement of the latest inflation at a new 5.5-year low of 1.3 perce...