T-bond rate rises on US fiscal woes; P30B raised

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Treasury Bonds auction results on Tuesday, June 10, 2025

Treasury Bonds auction results on Tuesday, June 10, 2025.

MANILA, Philippines — Yields on longer-dated local debt of the government rose during Tuesday’s sale of Treasury bonds (T-bonds). These tracked the movements in US Treasuries amid worries that President Donald Trump’s tax agenda could bloat America’s deficit and debt.

The Bureau of the Treasury (BTr) raised its target amount of P30 billion via re-issued T-bond. It has a remaining term of seven years and three months. 

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Auction results showed the offering attracted P57.7 billion in total bids. These exceeded the original size of the issuance by 1.9 times.

READ: Gov’t debt service bill rose 26% in 2024

The T-bond fetched an average rate of 6.124 percent. This was higher than the 6.081 percent recorded in the previous auction of seven-year debt notes. That was more than a month ago.

Also, the T-bond was…

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