Manila, June 25 -- Mixed results mark the Treasury bond (T-bond) auction on Wednesday as the Bureau of the Treasury (BTr) fully awarded the reissued three-year Treasury bond and partially awarded the 25-year T-bond.

With a remaining term of two years and 10 months, the reissued three-year T-bond fetched an average rate of 5.760 percent, lower than the current secondary market rate.

The auction was 2.0 oversubscribed with total tenders amounting to PHP40.7 billion, of which the full program of PHP20 billion was accepted.

The 25-year T-bond meanwhile has a remaining maturity of 24 years and seven months.

The Auction Committee partially awarded PHP15.1 billion out of the PHP20 billion offering at an average rate of 6.649 percent.

The au...