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Yields on BSP bills drop after rate cut

Business World Philippines

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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.

- Katherine K. Chan

Yields on BSP bills drop after rate cut

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.

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