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BSP bills' rates go down despite lower demand

Business World Philippines

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December 22, 2025

YIELDS on the central bank’s one-month securities dropped on Friday even as the offer was undersubscribed.

- Katherine K. Chan

The 28-day Bangko Sentral ng Pilipinas (BSP) bills fetched bids amounting to P80.828 billion, below the P90 billion placed on the auction block and the P132.25 billion in tenders for the same offer a week prior. This was equivalent to a bid-to-cover ratio of 0.8981 times, down from the 1.4694 ratio seen the prior week.

The central bank accepted all the tenders submitted for the offering.

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