Tuesday 12 December 2017
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6 days ago

Banks snub BSP bait as alternative draws more attention

After going full throttle for the record-high volume of retail treasury bonds (RTBs), market appetite went tepid for the Bangko Sentral ng Pilipinas (BSP) term deposit facility (TDF). Although the central bank already slashed its offering to P80 billion, the 28-day tenor of the facility, in particular, remained undersubscribed on Wednesday. Bids for the longest tenor in that financing window attracted only P32.48 billion, albeit the BSP offered a total of P40 billion. The BSP awarded a yield of 3.47-3.5

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