Manila, March 4 -- The Bureau of the Treasury (BTr) fully awarded bids for the re-issued Treasury bond (T-bond) on Tuesday.

With a remaining term of five years and four months, the re-issued T-bond fetched an average yield of 6.019 percent.

The average yield was slightly higher than the comparable five-year T-bond yield at 5.93 percent as of March 3, 2025.

The auction was nearly 2.0 times oversubscribed with total tenders reaching PHP56.8 billion.

Rizal Commercial Banking Corporation chief economist Michael Ricafort said the total demand during Tuesday's auction was lower than the PHP98.633 billion in the previous 5-year T-bond auction a month ago.

Ricafort said it was also relatively lower compared to other T-bonds with similar teno...