In observance of the Holy Week, the Philippine News Agency’s online news service will be off on March 29, Good Friday, and March 30, Black Saturday. Normal operations will resume on March 31, Easter Sunday.

— The Editors

TDF yields down Wednesday

By Joann Villanueva

October 11, 2017, 8:28 pm

MANILA -- Weighted average accepted yield of both the seven-day and 28-day Term Deposit Facility (TDF) of the Bangko Sentral ng Pilipinas fell Wednesday.

Data released by the central bank showed that average accepted yield of the shorter-dated facility fell to 3.3554 percent from 3.3664 percent during the auction last week.

This after the accepted yield range widened to between 3.2300 percent to 3.3800 percent from last week's 3.3200 percent to 3.4000 percent.

Tenders surpassed the PHP40 billion offering after it reached PHP64.076 billion. The auction committee made a full award this week.

With the increase of tenders from last week's PHP53.545 billion, bid coverage ratio improved to 1.6019 from last week's 1.3386.

Averaged accepted yield of the 28-day facility went down to 3.4925 percent from last week's 3.4939 percent.

Yield range this week is between 2.5000 percent to 3.5000 percent, wider than last week's 3.4500 percent and 3.5000 percent.

Tenders totaled to PHP102.880 billion, up from last week's PHP94.833 billion. The auction committee made a full award of PHP100 billion.

Bid coverage ratio improved to 1.0288 from last week's 0.9483.

For the auction on Oct. 18, the seven-day TDF will still be offered for PHP40 billion and the 28-day TDF for PHP100 billion. (PNA)

Comments