BTr raises PHP28.6 billion through oversubscribed T-bills auction

On Monday, May 26, 2025, the Bureau of the Treasury raised PHP28.6 billion through a Treasury bills auction, higher than its initial plan of PHP25 billion.

The auction was oversubscribed by more than three times with total tenders reaching PHP84.255 billion, leading to an increase in non-competitive bids for the 364-day T-bills to PHP7.2 billion.

For the 91-day T-bills, the BTr accepted PHP8 billion with a yield of 5.468 percent, while for the 182-day bills, it raised PHP8 billion from total tenders worth PHP30.275 billion at an average yield of 5.551 percent.

The auction also saw PHP12.6 billion accepted for the 364-day T-bills, up from the initial PHP9 billion offer, with a yield settling at 5.694 percent.

This strong demand was attributed to dovish signals from the Bangko Sentral ng Pilipinas (BSP), indicating potential future rate cuts and easing inflation.