{"id":180146,"date":"2018-09-05T22:37:42","date_gmt":"2018-09-06T02:37:42","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=180146"},"modified":"2018-09-05T22:37:42","modified_gmt":"2018-09-06T02:37:42","slug":"tdf-rates-sustain-rise","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2018\/09\/05\/tdf-rates-sustain-rise\/","title":{"rendered":"TDF rates sustain rise"},"content":{"rendered":"
<\/div>\n
\"\"<\/a>
Data released by the central bank showed that the rate uptick is for all the three tenors, with the seven-day\u2019s weighted average accepted bid at 4.3218 percent from last August 29\u2019s 4.2878 percent. (File Photo<\/a>: Bangko Sentral ng Pilipinas\/Facebook<\/a>)<\/figcaption><\/figure>\n

MANILA<\/strong>\u00a0— The rate of the Bangko Sentral ng Pilipinas\u2019 (BSP) Term Deposit Facility (TDF) rose anew Wednesday although banks submitted lower-than-accepted bids for the seven-day facility.<\/p>\n

Data released by the central bank showed that the rate uptick is for all the three tenors, with the seven-day\u2019s weighted average accepted bid at 4.3218 percent from last August 29\u2019s 4.2878 percent.<\/p>\n

The rate of the 14-day facility improved to 4.4123 percent from 4.3892 percent in last week\u2019s auction.<\/p>\n

The average rate of the 28-day facility rose to 4.4515 percent from last August 28\u2019s 4.4105 percent.<\/p>\n

While rates increased across-the-board Wednesday, bid coverage ratio fell for all tenors.<\/p>\n

Bid coverage ratio of the shortest tenor facility fell to 0.7990 from 1.0953 last week.<\/p>\n

Tenders for the facility is lower than the PHP40 billion offering after it only amounted to PHP31.958 billion, which is also lower than the PHP43.811 billion last week.<\/p>\n

The 14-day facility\u2019s bid coverage ratio slid to 1.0669 from last week\u2019s 1.2313.<\/p>\n

Tenders amounted to PHP42.674 billion, higher than the PHP40 billion offering but lower than the bids last week amounting to PHP49.250 billion.<\/p>\n

Bids for the longest tenor TDF reached PHP20.67 billion, higher than the PHP20 billion offering but lower than the PHP23.335 billion tenders last week.<\/p>\n

TDF rates have been on the rise following the hike in the BSP\u2019s key rates last month.<\/p>\n","protected":false},"excerpt":{"rendered":"

MANILA\u00a0— The rate of the Bangko Sentral ng Pilipinas\u2019 (BSP) Term Deposit Facility (TDF) rose anew Wednesday although banks submitted …<\/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":[],"class_list":["post-180146","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","mauthors-joann-villanueva","mauthors-philippine-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/180146","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=180146"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/180146\/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=180146"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=180146"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=180146"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}