{"id":167137,"date":"2018-06-16T06:09:44","date_gmt":"2018-06-16T10:09:44","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=167137"},"modified":"2018-06-16T06:09:44","modified_gmt":"2018-06-16T10:09:44","slug":"market-prefers-short-term-tdf","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2018\/06\/16\/market-prefers-short-term-tdf\/","title":{"rendered":"Market prefers short-term TDF"},"content":{"rendered":"
\"The<\/a>
The Bangko Sentral ng Pilipinas (BSP) has awarded the seven-day term deposit facility (TDF) in full as bids for the short tenor facility poured in on Wednesday\u2019s auction. (Photo<\/a>: Bangko Sentral ng Pilipinas\/Facebook<\/a>)<\/figcaption><\/figure>\n

MANILA\u00a0— The Bangko Sentral ng Pilipinas (BSP) has awarded the seven-day term deposit facility (TDF) in full as bids for the short tenor facility poured in on Wednesday\u2019s auction.<\/p>\n

Tenders for the PHP40-billion seven-day TDF reached PHP58.28 billion. Average rate of this facility declined to 3.6979 percent from last week\u2019s yield of 3.7006 percent.<\/p>\n

Bids for the 14- and 28-day TDFs were undersubscribed.<\/p>\n

The BSP awarded PHP39.095 billion of the total PHP40-billion 14-day TDF at 3.7222 percent rate.<\/p>\n

Bids for 28-day TDF reached PHP15.78 billion, making the central bank award the same amount for the said tenor. Yield for this tenor settled at 3.7264 percent. The 28-day TDF was offered at PHP20 billion.<\/p>\n

Meanwhile, the BSP maintains the volume for next week’s TDF auction at PHP100 billion.<\/p>\n

The TDF is a key liquidity absorption facility, commonly used by central banks for liquidity management.<\/p>\n

Due to the BSP\u2019s inability to issue its own debt instruments, the TDF will be tasked to withdraw a large part of the structural liquidity from the financial system to bring market rates closer to the BSP policy rate, the central bank explained.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

MANILA\u00a0— The Bangko Sentral ng Pilipinas (BSP) has awarded the seven-day term deposit facility (TDF) in full as bids for …<\/p>\n","protected":false},"author":33,"featured_media":151973,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[1216,15625],"class_list":["post-167137","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-bangko-sentral-ng-pilipinas","tag-term-deposit-facility","mauthors-philippine-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/167137","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=167137"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/167137\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/151973"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=167137"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=167137"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=167137"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}