Manila: The Bureau of the Treasury (BTr) fully awarded bids for the reissued Treasury bond (T-bond) during Tuesday's auction. The bond, which has a remaining term of nine years and nine months, saw its average yield settle at 6.285 percent.

According to Philippines News Agency, this yield is lower compared to the 6.428 percent average yield recorded during the previous 10-year T-bond auction held on June 17 this year. The auction witnessed significant interest, being 2.5 times oversubscribed, with total tenders reaching PHP63.5 billion.

The Committee, in its decision, raised the full program amounting to P25 billion. This move increases the total outstanding volume for the series to PHP392.6 billion.