BusinessWorld
June 10, 2021 | 12:02 am
REUTERS
YIELDS ON THE central bank’s term deposits increased on Wednesday due to concerns over US inflation, which could affect the US central bank’s future policy path, and as the market priced in a possible easing in restriction measures due to the decline in the daily tally of local coronavirus cases.
Demand for the term deposit facility (TDF) of the Bangko Sentral ng Pilipinas (BSP) amounted to P599.126 billion on Wednesday, going beyond the P520 billion on the auction block and the P572.605 billion in bids logged last week.
Broken down, tenders for the seven-day term deposits amounted to P140.165 billion, lower than the P150-billion offer as well as the P158.544 billion in bids seen during the previous auction.
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