MANILA,: Following are the results of the Philippine Bureau of the Treasury’s (BTr) auction of T-bills on Monday:

Philippine central bank revises 2023 current account projection

• BTr awards 9.175 billion pesos ($165.02 million) worth of T-bills vs 15 billion pesos offer

• BTr awards 1.5 billion pesos of 91-day T-bills at 5.550% avg yield vs previous rate 5.314%

• BTr awards 3.45 billion pesos of 182-day T-bills at 5.812% avg yield vs previous rate 5.700%

• BTr awards 4.225 billion pesos of 364-day T-bills at 6.073% avg yield vs previous rate 5.991%