• The Philippine Bureau of the Treasury in Manila said the average yield on its 10-year bond at auction was 6.218% with a coupon of 6.250%.
• Total sold 30b pesos ($532.5m); total bids 102.23b pesos
  ** Accepted competitive tenders 30b pesos ($532.5m)
• Bonds newly issued Jan. 23, maturing Jan. 25, 2034
• Bid/cover ratio at 3.408, higher than 2.033 previously
  ** Auction was oversubscribed; 102.2b pesos bids vs 30b offered