The Bangko Sentral ng Pilipinas (BSP) auction of term deposit facility (TDF) this week attracted lower average rates ahead of the BSP’s monetary policy meeting on Thursday (June 24). The BSP offered lower TDF volumes this week of P520 billion from the previous week’s P530 billion. The total...
The central bank said there is sustained demand for the weekly term deposit facility (TDF) despite mixed results for the 7-day and 14-day tenors. The 7-day, still offered at P150 billion, only attracted P140.16 billion tenders but the 14-day TDF continue to receive above-offer bids of P458.96...
Banks prefer the 14-day term deposit facility (TDF) this week based on a higher bid coverage ratio. The 14-day tenor which has the same offer of P360 billion for the past weeks, attracted P414.06 billion bids, up from the previous week’s P365.08 billion. The bid coverage ratio increased to 1.1502...
Banks showed subdued appetite for the Bangko Sentral ng Pilipinas’ (BSP) auction of term deposit facility (TDF) this week with tenders amounting to P524.3 billion versus offer of P510 billion. “The BSP maintained the TDF offer volume at P510 billion and the distribution mix between the 7-day...
The Bangko Sentral ng Pilipinas’ (BSP) auction of term deposit facility (TDF) received more bids this week especially for the 14-day tenor, while yields were mixed. The 14-day TDF, offered lower at P360 billion from P370 billion last May 12, attracted P408.12 billion tenders. This was higher...
The central bank’s term deposit facility (TDF) has a higher offered volume this week of P510 billion versus P490 billion on April 28, but yields were still down as banks await the decision of the Monetary Board’s policy meeting next Thursday. Based on Bangko Sentral ng Pilipinas (BSP) numbers,...
Yields of the central bank’s term deposit facility (TDF) continue to decline on Wednesday while tenders are still more than offer. Based on Bangko Sentral ng Pilipinas (BSP) data, the 7-day TDF received P174.27 billion tenders versus offer of P140 billion. It is the same volume from last week...
The central bank’s term deposit facility (TDF) were oversubscribed on Wednesday but yields continue to fall in normalizing conditions, according to Bangko Sentral ng Pilipinas (BSP) Deputy Governor Francisco G. Dakila Jr. “The TDF auction results continue to show normal market conditions amid...
The central bank’s term deposit facility (TDF) attracted lower bids this week but still oversubscribed at P634.78 billion versus offer of P490 billion. TDF yields continued to decrease, based on Bangko Sentral ng Pilipinas (BSP) auction results. The 7-day TDF, offered at P140 billion, received...
The Bangko Sentral ng Pilipinas (BSP) received P685.08 billion of tenders for its two-tenor term deposit facility (TDF) auction against offer of P480 billion. The average rate for the 7-day TDF fell by 1.522 basis points (bps) to 1.8280 percent while the 14-day rate also decreased by 1.716 bps to...
The central bank’s weekly auction of term deposit facility (TDF) continue to be oversubscribed at P669.41 billion versus offer of P480 billion, while the average rates for the two tenors increased this week again. “The auction results show that, amid ample financial system liquidity, market...
The Bangko Sentral ng Pilipinas (BSP) has mopped up the P2 trillion excess liquidity it has injected in the financial system last year to ensure market rates are in line with the BSP policy rate. The BSP said one of its key monetary operations, the overnight deposit facility (ODF), was the main...
