Bangko Sentral ng Pilipinas (BSP) Deputy Governor Francisco Dakila Jr. (PNA file photo)
MANILA – Rate of the Bangko Sentral ng Pilipinas’ (BSP) 28-day bill slipped on Friday amid the strong demand for the debt paper.
Data released by the central bank showed that the average rate of the securities slipped by 0.5005 basis points (bps) to 6.6521 percent from 6.6571 percent during the auction last June 9.
BSP kept the offer volume at PHP120 billion relative to last week’s auction.
The auction committee made a full award after bids reached PHP141.681 billion.
BSP Deputy Governor Francisco Dakila Jr., in a statement, said the range of yields accepted in this week’s BSP Bills auction narrowed to between 6.5800-6.6771 percent.
“Looking ahead, the BSP’s monetary operations will continue to be guided by its assessment of the prevailing liquidity conditions and market developments,” he said. (PNA)
