BSP bills 1 63x oversubscribed mb.com.ph - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mb.com.ph Daily Mail and Mail on Sunday newspapers.
Published June 9, 2021, 4:58 PM
The central bank said there is sustained demand for the weekly term deposit facility (TDF) despite mixed results for the 7-day and 14-day tenors.
The 7-day, still offered at P150 billion, only attracted P140.16 billion tenders but the 14-day TDF continue to receive above-offer bids of P458.96 billion against a P370-billion offer.
“The undersubscription in the shorter TDF tenor could be attributed to market participants’ preference for the longer tenor amid their search for yields,” noted BSP Deputy Governor Francisco G. Dakila Jr.
“Nevertheless, market conditions remain normal, supported by the sustained ample liquidity in the financial system. The BSP will continue its assessment of the latest liquidity conditions and market developments for its monetary operations,” he added.
May inflation likely steady at 4 5% — poll bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.
PHILIPPINE STAR/ MICHAEL VARCASINFLATION likely remained unchanged for a third straight month in May, as food prices generally stabilized amid the lockdown in the Philippine capital and nearby provinces, economists said.
Published May 28, 2021, 5:55 PM
The central bank’s securities auction this week have a lower volume but it remained oversubscribed by 1.52x at P152.15 billion.
The Bangko Sentral ng Pilipinas (BSP) bills was offered at P100 billion compared to the previous Friday’s P110 billion.
“The BSP adjusted the 28-day bill offer volume (but the) auction was awarded in full, amid strong demand from market participants,” said BSP Deputy Governor Francisco G. Dakila Jr.
“There was oversubscription by 1.52x the offered amount as total bids reached P152.15 billion. This led to a decline in the weighted average interest rate which fell by 0.422 bp (basis point) to 1.7704 percent,” noted Dakila.