The average rate of the Philippines' seven-year Treasury bond (T-bond) rose Tuesday as investors favored shorter‑dated securities to limit risks.

Data from the Bureau of the Treasury (BTr) showed the bond fetched an average rate of 5.934 percent, up from 5.74 percent for the same tenor on Nov. 18, 2025.

The BTr offered PHP30 billion and fully awarded the amount from total bids of P41.5 billion.

Rizal Commercial Banking Corp. (RCBC) chief economist Michael Ricafort, in a report, attributed the uptick to "some market hesitancy on longer-end tenors to lock in with some market risk to manage."

He noted that the peso's weakness against the US dollar, which is at the 59-level, could raise import costs and inflation.

Ricafort also pointed to higher yields on long‑term securities abroad, driven by "concerns over long-term inflation if the (US) Fed (Federal Reserve) becomes more aggressive in cutting rates in the coming months," noting that this "could loosen the grip on inflation and inflation expectations."

He added that geopolitical tensions in areas such as Greenland, Iran, and Venezuela have pushed up US Treasury yields, which can influence global bond markets.