MANILA – The Bangko Sentral ng Pilipinas (BSP) has awarded the 28-day securities in full during Friday’s auction.
The securities amounting to PHP110 billion fetched lower rate than the yield in the previous auction.
“The weighted average interest rate continued to decline from last week's rate, settling slightly lower by 0.167 basis points to 1.7194 percent,” BSP Deputy Governor Francisco Dakila Jr. said in a statement.
Last week’s rate for the same tenor was at 1.7211 percent.
Moreover, the 28-day BSP securities received total bids of PHP148.05 billion.
“The auction results are in line with the view that market conditions remain stable amid sustained ample liquidity in the financial system. Looking ahead, the BSP’s monetary operations will continue to be guided by its latest assessment of liquidity conditions and market developments,” Dakila said. (PNA)
