2 months TDF results mixed this week TDF results mixed this week
By Lee C. Chipongian The central bank offered more auction volume for its term deposit facility (TDF) this week of P80 billion from P50 billion last week. The offer was oversubscribed for all three tenors with total bids at P96.43 billion. The auction for the 7-day tenor offered at P20 billion, had P32.59 billion bids Wednesday. Last week the offer was only P10 billion. The average rate fell to 4.3323 percent from 4.3486 percent last September 11. The 14-day TDF with P30 billion offer, which was also higher than last week’s P20 billion, attracted tenders worth P31.31 billion. Yields ... more