The Bangko Sentral ng Pilipinas’ main office in Manila in this undated photo. Rate of the central bank’s 28-day securities slipped by 3.08 basis points to 4.8208 percent during an auction on Friday (Jan. 9, 2026). (PNA file photo by Ben Briones)
Bangko Sentral ng Pilipinas (BSP) saw borrowing costs edge lower again on Friday, with the average yield of its 28-day securities slipping by 3.08 basis points to 4.8208 percent, signaling continued appetite for central bank paper.
Latest data from the Bangko Sentral ng Pilipinas showed the BSP made a full award of P90 billion, slightly below the PHP100 billion on offer a week earlier, as total tenders reached P111.39 billion.
This translated to a bid-to-cover ratio of 1.24, underscoring steady demand despite the smaller offering size.
Accepted yields clustered more tightly, ranging from 4.6650 percent to 4.9400 percent, reflecting more disciplined bidding from market participants.
The 28-day BSP bill remains a key liquidity management tool used to absorb excess funds in the financial system.
The continued easing in yields points to sustained investor confidence in central bank instruments, even as markets remain watchful of global monetary signals and evolving domestic economic conditions.