8 months TDF rates rise, bids were lower at auction MB |Biz
By Lee C. Chipongian Yields were up this week but banks offered lower bids for the central bank’s term deposit facility (TDF) auction.   Based on Bangko Sentral ng Pilipinas (BSP) auction results yesterday, total bids amounted to P42.80 billion, less than offer of P50 billion. Tenders were lower than the previous week’s P60.83 billion. All three tenors have higher rates this week. The 14-day average rate rose to 5.1770 percent from 5.1437 percent last Wednesday. Offered at P20 billion, bids only amounted to P18.80 billion which was lower compared to last week’s P20.16 billion. The 28-days average rate ... more