6 months TDF bids lower, yields mixed at week’s auction MB |Biz
By Lee C. Chipongian Banks bid lower for the 7-day and 14-day term deposit facility (TDF) of the central bank with total tenders including the longer-dated tenor amounting to P69.99 billion compared to P80.89 billion last week. MB file photo. Based on Bangko Sentral ng Pilipinas (BSP) auction results, the 7-day TDF’s rate dropped to 5.1027 percent from 5.1248 percent last February 20. The P20-billion offer was still oversubscribed at P36.76 billion although lower than the previous week’s P38.12 billion. Banks’ positioning pushed the 14-day yield’s higher at 5.1661 percent from 5.1659 percent last Wednesday. The bids exceeded the P20-billion ... more