BTr fully awards Treasury bills

MANILA – The Bureau of the Treasury (BTr) fully awarded bids for Treasury bills (T-bills) during Monday's auction.

The 91-, 182-, and 364-day T-bills fetched average rates of 5.173 percent, 5.323 percent, and 5.457 percent, respectively –all lower than previous auction levels and prevailing secondary market rates.

Last week, the average auction yields of the 91-, 182-, and 364-day T-bills settled at 5.195 percent, 5.398 percent, and 5.522 percent.

"Treasury bill average auction yields were again mostly slightly lower for the 9th straight week, after the widely expected -0.25 [basis points] BSP (Bangko Sentral ng Pilipinas) rate cut on August 28, 2025 that could further reduce borrowing costs for the government, businesses, consumers, and for the overall economy," Rizal Commercial Banking Corporation chief economist Michael Ricafort said.

Ricafort said T-bills' average auction yields were also slightly lower week-on-week after relatively huge total bids.

The auction was five times oversubscribed, attracting PHP125.5 billion in total tenders.

With its decision, the Auction Committee raised the full program of PHP25 billion for the auction. (PNA)

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