The central bank’s term deposit facility (TDF) received bids amounting to P337.24 billion on Wednesday, Nov. 9, against offer of P380 billion.
The tenders were lower than the previous week’s P261.29 billion and volume of P300 billion. It has likewise remained undersubscribed for the second week.
TDF yields climb on rate hike bets - BusinessWorld Online
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Yields on term deposits rise on tightening hints - BusinessWorld Online
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The Bangko Sentral ng Pilipinas (BSP) has reduced its securities facility offer from P120 billion to P70 billion on Friday, Oct. 21, to reflect the lower liquidity in the financial system.
“The BSP adjusted the volume offering for the issuance of 28-day bills to P70 billion from last week’s P120 b
The central bank’s auction of securities on Friday, Oct. 14, were oversubscribed, reversing the previous week’s slow uptake.
Based on the Bangko Sentral ng Pilipinas (BSP) Auction Committee, the offered P120 billion for the 28-day BSP bills attracted P128.10 billion bids. This was 1.07x the volume