Home Business News TDF rates post mixed results on Wednesday auction

TDF rates post mixed results on Wednesday auction

By Joann Villanueva

 

MANILA – Bids for Bangko Sentral ng Pilipinas’ (BSP) term facilities continue to surpass the offered volume but rates posted mixed results Wednesday.

Data released by the central bank showed that the average rate of the seven-day Term Deposit Facility (TDF) went down to 4.5466 percent from 4.5537 percent during the auction last July 3.

Its bid coverage ratio also declined after finishing at 1.3910 from 2.5420 in the previous auction. This, after the PHP20 billion offer was met by PHP27.82 billion.

Last week, banks submitted more than twice the PHP10-billion offer at PHP25.42 billion.

Also, the rate of the 14-day facility slid to 4.5931 percent from 4.6129 percent last week.

Its bid coverage ratio went down to 1.6683 from 2.2095 in the previous auction.

Total bids amounted to PHP33.365 billion, higher than the PHP20-billion offer but not more than twice compared to the previous week.

Last July 3, BSP offered the mid-tenor TDF for PHP10 billion but banks submitted a total of PHP22.095 billion worth of bids.

On the other hand, the rate of the 28-day facility rose to 4.6407 percent from the previous week’s 4.6347 percent.

However, its bid coverage ratio went down to 1.1320 from 2.0033 after banks submitted PHP22.64 billion worth of tenders, higher than the PHP20 billion offer but also not more than twice compared to last week.

The longest-tenor TDF was offered for PHP10 billion last July 3 and bids totaled to PHP20.033 billion.

Earlier, BSP Governor Benjamin Diokno said people should not worry about fluctuations in the bids since these depend on the liquidity situation right before the auction.

Thus, the BSP reduced the announcement period for offer volume to two days from one week before the auction, to give it a greater grasp on the liquidity situation for the week. (PNA)

36 COMMENTS

  1. Magnificent beat ! I wish to apprentice at the same time as you amend your site, how could i subscribe for a blog site? The account helped me a acceptable deal. I had been tiny bit familiar of this your broadcast provided vibrant transparent idea

  2. magnificent post, very informative. I wonder why the opposite experts of this sector do not notice this. You must continue your writing. I am sure, you’ve a huge readers’ base already!

  3. Please let me know if you’re looking for a article author for your blog. You have some really good posts and I feel I would be a good asset. If you ever want to take some of the load off, I’d really like to write some articles for your blog in exchange for a link back to mine. Please send me an e-mail if interested. Thank you!

  4. I would like to thank you for the efforts you have put in writing this website. I’m hoping the same high-grade site post from you in the upcoming as well. Actually your creative writing skills has inspired me to get my own web site now. Really the blogging is spreading its wings rapidly. Your write up is a good example of it.

  5. Great goods from you, man. I’ve understand your stuff previous to and you’re just extremely great. I actually like what you’ve acquired here, really like what you’re saying and the way in which you say it. You make it entertaining and you still care for to keep it sensible. I can not wait to read much more from you. This is really a great web site.

  6. I’m really impressed with your writing skills and also with the layout on your blog. Is this a paid theme or did you modify it yourself? Anyway keep up the nice quality writing, it is rare to see a nice blog like this one nowadays..

  7. I would like to thank you for the efforts you’ve put in writing this website. I’m hoping the same high-grade website post from you in the upcoming as well. Actually your creative writing abilities has inspired me to get my own blog now. Really the blogging is spreading its wings fast. Your write up is a good example of it.

  8. A formidable share, I just given this onto a colleague who was doing a bit analysis on this. And he actually purchased me breakfast because I discovered it for him.. smile. So let me reword that: Thnx for the deal with! But yeah Thnkx for spending the time to debate this, I feel strongly about it and love studying extra on this topic. If attainable, as you turn out to be experience, would you thoughts updating your weblog with extra details? It’s extremely useful for me. Huge thumb up for this blog post!

  9. Do you mind if I quote a couple of your articles as long as I provide credit and sources back to your webpage? My website is in the exact same niche as yours and my users would really benefit from a lot of the information you provide here. Please let me know if this ok with you. Thanks!

  10. My coder is trying to persuade me to move to .net from PHP. I have always disliked the idea because of the expenses. But he’s tryiong none the less. I’ve been using WordPress on numerous websites for about a year and am concerned about switching to another platform. I have heard great things about blogengine.net. Is there a way I can import all my wordpress posts into it? Any kind of help would be greatly appreciated!

  11. F*ckin¦ remarkable things here. I¦m very satisfied to see your post. Thanks a lot and i’m taking a look ahead to contact you. Will you please drop me a e-mail?

  12. Hey! I know this is kinda off topic however I’d figured I’d ask. Would you be interested in trading links or maybe guest writing a blog article or vice-versa? My blog discusses a lot of the same subjects as yours and I believe we could greatly benefit from each other. If you happen to be interested feel free to send me an email. I look forward to hearing from you! Terrific blog by the way!

  13. This design is steller! You definitely know how to keep a reader entertained. Between your wit and your videos, I was almost moved to start my own blog (well, almost…HaHa!) Wonderful job. I really loved what you had to say, and more than that, how you presented it. Too cool!

  14. That is the correct weblog for anybody who needs to find out about this topic. You understand a lot its virtually exhausting to argue with you (not that I really would need…HaHa). You undoubtedly put a brand new spin on a subject thats been written about for years. Nice stuff, just great!

  15. Appreciating the hard work you put into your site and in depth information you offer. It’s awesome to come across a blog every once in a while that isn’t the same unwanted rehashed material. Excellent read! I’ve bookmarked your site and I’m including your RSS feeds to my Google account.

  16. Howdy would you mind stating which blog platform you’re working with? I’m going to start my own blog in the near future but I’m having a difficult time selecting between BlogEngine/Wordpress/B2evolution and Drupal. The reason I ask is because your design seems different then most blogs and I’m looking for something unique. P.S Sorry for being off-topic but I had to ask!

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

MUST READ

GMA programs and personalities win ALTA Media Icon Awards

Several GMA shows and personalities won awards in the 5th ALTA Media Icon Awards of the University of Perpetual Help this year. Honored were Kapuso...

Tokyo praises Yulo’s ‘outstanding’ share to PH-Japan friendship

By Joyce Ann L. Rocamora   MANILA -- Gold medalist Carlos Yulo on Thursday received a commendation from the Japanese Embassy in Manila for his historic win...

PCSO donates 45 ambulances to gov’t hospitals, health facilities

By Christopher Lloyd Caliwan   MANILA -- The Philippine Charity Sweepstakes Office (PCSO) on Thursday turned over 45 new ambulance units to various government hospitals and health...

DepEd ‘strongly condemns’ slay try on Bukidnon teacher

By Joyce Ann L. Rocamora   MANILA -- The Department of Education (DepEd) on Thursday strongly condemned the shooting of Zhydee Bitago Cabañelez, an elementary teacher at...

PH soldiers bag silver medal in UK Cambrian Patrol

By Priam Nepomuceno   MANILA -- Eight Philippine Army (PA) Scout Rangers, who participated in the United Kingdom's Exercise Cambrian Patrol 2019 (Ex CP 2019) held in...