Manila: The Bureau of the Treasury (BTr) partially awarded its reissued 10-year Treasury bond (T-bond) during Tuesday's auction. The bond, with a remaining term of nine years and 11 months, had an average yield capped at 6.786 percent.
According to Philippines News Agency, the auction was 1.2 times oversubscribed, with total tenders reaching PHP23.3 billion. The BTr successfully raised PHP10.2 billion of the PHP20 billion offering, bringing the total outstanding volume of the series to PHP308.2 billion.
Rizal Commercial Banking Corporation chief economist Michael Ricafort noted that the 10-year Treasury bond average auction yields increased from 5.985 percent in the previous 10-year T-bond auction on January 6, 2026, amid market hesitancy on longer-end tenors. Ricafort attributed the yield increase to geopolitical risks stemming from the Middle East conflict.
