Yields on the Bangko Sentral ng Pilipinas’ (BSP) securities continued to decline Friday amid oversubscription.
The BSP said it fully awarded P60 billion \worth of 28-day bills, while partially awarding P60.066 billion for 56-day securities.
The BSP Bill (BSPB) offering this week increased to P130 billion from an initial offer of P90 billion, compared with reductions in previous auctions.
Total offerings for the 28-day and 56-day BSPB also rose to P60 billion and P70 billion, respectively, from initial offerings of P40 billion and P50 billion.
Both tenors were oversubscribed again, with the 28-day offering receiving P64.217 billion in tenders and the 56-day offering getting P71.966 billion in offers.
However, total tenders at the Aug. 1, 2025 auction declined to P136.183 billion from P162.008 billion last week.
Interest rates for the 28-day BSPB eased by 1.34 basis points (bps), with its weighted average settling at 5.3842 percent. Interest rates for the 56-day bill decreased by 1.43 bps to 5.3910 percent.
The downtrend narrowed the range of accepted yields for the 28-day tenor to between 5.3000 percent and 5.4320 percent. Conversely, it widened the range of accepted yields for the 56-day tenor to between 5.3650 percent and 5.4100 percent.
 securities continue to fall despite persistent oversubscription, with the central bank fully awarding 28-day bills and partially awarding 56-day securities.){kind=link}