BSP TDF yields mixed amid strong demand

On Wednesday, yields on the Bangko Sentral ng Pilipinas (BSP) term deposit facility were mixed due to strong demand ahead of a two-week NCR lockdown.

Total bids reached P643.58 billion, surpassing the P560-billion offer and last week’s tenders.

For seven-day papers, bids amounted to P185.592 billion with accepted yields ranging from 1.675% to 2.02%, causing average rates to rise by 2.21 basis points to 1.7375%.

The fourteen-day facility saw a decline in rates to 1.7448%, while bids reached P457.988 billion, fully awarded with ample financial liquidity noted by BSP Deputy Governor Francisco Dakila Jr.