Yields on Philippine Treasury bonds were down in Tuesday's trade due to speculations that the Bangko Sentral ng Pilipinas would effect more rate cuts.

The 4-year paper saw its average rate fall 4 basis points to 5.74 percent.

Meanwhile, 5-year Treasury bonds saw its yields fall 3 basis points to 6.15 percent.

Traders say the market was flush with cash with trade volume reaching P15.5 billion by late afternoon, P4 billion more than the volume hit at the same point on Monday.

Most deals were for the 4- and 5-year debt papers.  - ABS-CBN News