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Philippines Secures P30.8 Billion Amid T-Bill Demand Surge

3/18/2025

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Summary

Story summary

The Philippine government secured P30.8 billion from T-bills, surpassing the P22 billion target due to high demand.
Average rates for 91-day, 182-day, and 364-day T-bills fell, indicating investor expectations of a rate cut by the BSP.
The BSP intends to lower benchmark rates further this year, with a meeting set for April 10.
The government seeks to raise P147 billion this month to address a budget deficit of P1.54 trillion.

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Story summary

The Philippine government secured P30.8 billion from T-bills, surpassing the P22 billion target due to high demand.
Average rates for 91-day, 182-day, and 364-day T-bills fell, indicating investor expectations of a rate cut by the BSP.
The BSP intends to lower benchmark rates further this year, with a meeting set for April 10.
The government seeks to raise P147 billion this month to address a budget deficit of P1.54 trillion.