• The Philippine Bureau of the Treasury in Manila said the average yield on its 3-year bond at auction was 5.900% with a coupon of 6.000%.
• Total sold 30b pesos ($538.3m); total bids 53.28b pesos
  ** Accepted competitive tenders 30b pesos ($538.3m)
  ** Auction was oversubscribed; full award, 30b pesos offered
• Bonds newly issued Jan. 3, maturing Jan. 4, 2027
• Bid/cover ratio at 1.776; all bids in prior auction were rejected