Philippine T-bond and T-bill rates decline

The rate of the Philippines' 10-year Treasury bond (T-bond) fell on Tuesday to 4.409 percent from 4.617 percent in November due to strong demand.

Total tenders reached PHP83.589 billion, nearly three times the PHP30-billion offer, with concerns over coronavirus and anticipation of another BSP key rate cut contributing to the decline.

On Monday, rates for Philippine Treasury bills (T-bills) dropped across-the-board; 91-day T-bill rates fell to 3.072 percent from 3.115 percent, while 182-day and 364-day T-bill rates also decreased due to similar factors.