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Yields on BSP bills drop after rate cut
Business World Philippines
|February 23, 2026
YIELDS on the Bangko Sentral ng Pilipinas’ (BSP) short-term securities declined further on Friday as it cut benchmark borrowing costs for a sixth straight meeting.
The one-month BSP bills attracted P77.838 billion in bids, exceeding the P70-billion offer but below the P112.904 billion in tenders for the P100 billion placed on the auction block in the prior week.
This was equivalent to a bid-to-cover ratio of 1.112 times, slightly lower than the 1.129 ratio seen a week earlier.
This story is from the February 23, 2026 edition of Business World Philippines.
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