Manila, Feb. 25 -- The Bureau of the Treasury (BTr) raised PHP25 billion from the Treasury bonds (T-bonds) auction on Tuesday.

The BTr fully awarded bids for the 20-year T-bonds.

With a remaining term of 19 years and three months, the T-bond fetched an average yield of 6.376 percent.

The auction was 1.6 times oversubscribed with total tenders reaching PHP39.1 billion.

With its decision, the Committee raised the full program of PHP25 billion, bringing the total outstanding volume for the series to PHP167.7 billion.

"The 20-year Treasury bond average auction yield at 6.376 percent is slightly higher than the comparable PHP Bloomberg Valuation Service (BVAL) 20-year T-bond yield at 6.35 percent as of February 24, 2025," said Rizal Comme...