Latest Breaking News On - He bsp 39s monetary operations will remain guided by its assessment of the latest liquidity conditions and market developments - Page 3 : comparemela.com
DEMAND STILL STRONG. The rate of the Bangko Sentral ng Pilipinas' (BSP) term deposit facility (TDF) ends mixed on Wednesday (May 11, 2022) although the demand remained strong. BSP Deputy Governor Francisco Dakila Jr. said the results of the TDF auction point to a normalization in liquidity conditions amid ample supply in the financial system. (PNA file photo) MANILA - The Bangko Sentral ng Pilipinas (BSP) lowered the offer volume for the two-week term deposit facility (TDF) on Wednesday, citing "reduced system liquidity" but both tenors were oversubscribed and yields were mixed. Offer volume for the seven-day TDF was kept at PHP100 billion while the two-week facility was offered for PHP140 billion from the previous week's PHP170 billion. Both tenors were fully awarded. The average rate of the seven-day facility was almost unchanged at 1.9599 percent from 1.9597 percent during the auction last May 4, while the rate of the two-week facility dipped to 2.0287 percent from
DOWN ANEW. The average rate of the Bangko Sentral ng Pilipinas' (BSP) 28-day securities declines again on Friday (April 22, 2022) as demand for the debt paper continues to remain strong. The BSP traced the demand for the 28-day bills to the high liquidity environment in the country. (PNA file photo) MANILA - The rate of the Bangko Sentral ng Pilipinas' (BSP) 28-day bills declined anew on Friday as demand for the debt paper continued to remain strong. Data released by the central bank showed that the average rate of the securities slipped to 1.9102 percent from 1.9144 percent during the auction last April 18. The BSP lowered the offer volume to PHP120 billion from the previous auction's PHP140 billion. The auction committee made a full award. Total tenders reached 167.6 billion, resulting in a bid coverage ratio of 1.3967. In a statement, the BSP said yields accepted during the auction this Friday "shifted lower and narrowed to a range of 1.8850-1.9328 percent." It
SECURITIES RATE DECLINES. The high demand for the Bangko Sentral ng Pilipinas' (BSP) securities continue to result in the decline of the debt paper's average rate. BSP Deputy Governor Francisco Dakila Jr. on Monday (April 18, 2022) traced this to continued normalization of domestic liquidity. (File photo) MANILA - The continued high demand for the Bangko Sentral ng Pilipinas' (BSP) 28-day bill resulted in the drop in the debt paper's average rate to 1.9144 percent. Data released by the central bank on Monday showed that offer volume for the securities was hiked to PHP140 billion from PHP130 billion last April 8. Total bids reached PHP158.53 billion, resulting in a bid coverage ratio of 1.1323. Its average rate in the previous auction stood at 1.9312 percent. In a statement, BSP Deputy Governor Francisco Dakila Jr. said "yields accepted remained low but narrowed to a range of 1.8900-1.9400 percent." Dakila traced the oversubscription during the auction to "
MANILA - The rate of the central bank's term deposit facility (TDF) slipped Wednesday but with still high demand despite the expected further tightening in the Federal Reserve's key rates. Data released by the Bangko Sentral ng Pilipinas (BSP) showed that the average rate of the seven-day facility slipped to 1.9467 percent and the 14-day's to 2.0374 percent. These were at 1.9603 percent and 2.0905 percent for the one-week and two-week facility, respectively, during the auction last March 16. The BSP kept the offer volume for the one-week facility at PHP150 billion, but lowered to PHP220 billion the offer volume for the two-week facility from PHP230 billion last week. Total tenders for the shorter-dated facility reached PHP198.738 billion, resulting in a bid coverage ratio of 1.3249. Bids for the two-week facility amounted to PHP316.107 billion, bringing to 1.4369 the bid coverage ratio. In a statement, BSP Deputy Governor Francisco Dakila Jr. said yields accepted for TDF in
MANILA - The average rate of the Bangko Sentral ng Pilipinas' (BSP) 28-day securities rose on Friday but a ranking executive said demand for the debt paper remained strong. Data released by the BSP showed that average weighted rate of the securities, which is among the central bank's excess liquidity mopping tools, inched up to 1.9492 percent from 1.9211 percent during the auction on February 28. BSP lowered the offer volume to PHP100 billion from week ago's PHP130 billion, which BSP Deputy Governor Francisco Dakila Jr. said was made "in view of the scheduled settlement of the Retail Treasury Bonds (RTBs) today (Friday)". He was referring to the Bureau of the Treasury's (BTr) issuance of a five-year debt paper that is intended for small investors, given its PHP5,000 minimum placement. He said results of this week's BSP bills auction "reflected the temporary effect of the RTB settlement on liquidity conditions". "Nevertheless, financial syste