Published August 4, 2021, 4:53 PM The central bank’s auction of term deposit facility (TDF) drew mixed yields but while the volume is lower this week, it attracted higher tenders as the liquidity conditions are perceived to be normal despite the return of stricter lockdown measures. Bangko Sentral ng Pilipinas (BSP) Deputy Governor Francisco G. Dakila Jr. said the TDF results “are in line with what was observed in the primary GS (government securities) market.” “The increase in the 7-day rate may also be attributed to the TDF auction results last week. Nevertheless, despite the re-imposition of stricter quarantine measures on 6-20 August 2021, market conditions remain normal amid continued ample financial liquidity,” Dakila added.