The Marcos Jr. administration fell short of its planned ₱31-billion borrowing on Monday, May 4, as demand dropped significantly for short-dated debt papers amid rising interest rates following the Bangko Sentral ng Pilipinas (BSP) policy hike. The Bureau of the Treasury (BTr) raised only ₱28.1...
Demand for government securities (GS) continued to attract investors during the latest treasury bills (T-bills) auction, allowing the Marcos Jr. administration to exceed its planned ₱33 billion in short-term debt papers, as borrowing costs across all tenors declined further, partly due to the...
Demand for government securities (GS) improved at the start of the second quarter, but the Marcos Jr. administration still struggled to raise its planned ₱27 billion in short-term debt papers, as overall interest costs remained elevated amid anticipation of a policy hike in April. During the...
Below-target borrowings could persist due to war-shocked yields, a strategy the Marcos Jr. administration appears to have applied as it enters the second quarter of 2026, with planned domestic borrowings dropping from ₱824 billion in the first quarter to ₱784 billion. In a March 23 memorandum...
While short-dated treasury bills (T-bills) will still be offered from July to September, the national government will also issue long-term retail debt instruments amounting to around ₱200 billion within the third quarter of 2025. Department of Finance (DOF) Secretary Ralph G. Recto told reporters...
The government has once again exceeded its ₱25-billion borrowing target, raising ₱28.6 billion from short-term debt papers, as cooling inflation and growing expectations of a Bangko Sentral ng Pilipinas (BSP) rate cut sustained investor demand and pushed yields lower across all tenors. At the...
