BTr raises PHP28.4B through T-bill auction, exceeding PHP25B target

On Monday, July 7, 2025, the Bureau of the Treasury (BTr) successfully raised PHP28.4 billion through a Treasury bills auction, exceeding the initial offer of PHP25 billion and total tenders reaching over PHP87 billion.

The auction included three tenors: 91-day, 182-day, and 364-day T-bills with yields mostly inching up after June inflation slightly picked up but remained below target.

For the 91-day T-bills, the BTr accepted PHP7 billion at an average yield of 5.526 percent, steady from the previous auction, while for the 182-day bills, they raised PHP11.9 billion with yields rising by 1.1 basis points to 5.618 percent.

The BTr also raised PHP9.5 billion from the 364-day T-bills auction with an average yield of 5.656 percent, inching up by 0.5 basis points.

Total tenders for all tenors amounted to over PHP50 billion, reflecting strong investor interest in government securities and steady demand as T-bills offer higher yields than shorter Bangko Sentral ng Pilipinas facilities.