Recent Posts

Breaking News

TDF yields up; auction still oversubscribed

The central bank’s term deposit facility (TDF) attracted more bids this week of P502.08 billion with an increased offer of P310 billion, while all tenors have higher average rates.

The 7-day tenor at P130 billion received P171.97 billion bids and a higher yield of 1.8129 percent while the 14-day, also with P130 billion offer, had more tenders of P225.55 billion and its yield rose to 1.8424 percent.

The 28-day TDF, still at P50 billion offer, had P104.56 billion tenders and a yield of 1.8613 percent. Bangko Sentral ng Pilipinas (BSP) Deputy Governor Francisco G. Dakila Jr. said: “The auction results continue to show that financial system liquidity remains ample. (The) BSP will continue to be guided by its assessment of market developments and liquidity conditions in the calibration of its monetary operations.” Dakila noted that all tenors remained oversubscribed”.

Tenders received in the 7-day TDF was broadly unchanged at 1.32x the offer volume while that for the 14-day and 28-day tenors increased to 1.74x and 2.09x their respective offer volumes,” he said, adding that “average interest rates rose for the 7-day, 14-day and 28-day tenors by 2.96 bps, 1.07 bps and 1.31 bps to 1.813 percent, 1.842 percent and 1.861 percent, respectively.”

Source: Manila Bulletin (

No comments