{"id":96981,"date":"2017-04-05T18:26:46","date_gmt":"2017-04-05T22:26:46","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=96981"},"modified":"2017-04-05T18:26:46","modified_gmt":"2017-04-05T22:26:46","slug":"banks-offer-lower-bids-for-bsps-tdf","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2017\/04\/05\/banks-offer-lower-bids-for-bsps-tdf\/","title":{"rendered":"Banks offer lower bids for BSP&#8217;s TDF"},"content":{"rendered":"<figure id=\"attachment_96982\" aria-describedby=\"caption-attachment-96982\" style=\"width: 960px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2017\/04\/12540642_997366883660474_3155120477978164612_n.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-96982\" src=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2017\/04\/12540642_997366883660474_3155120477978164612_n.jpg\" alt=\"Undersubscriptions were registered for both the seven-day and 28-day term deposit facilities (TDF) of the Bangko Sentral ng Pilipinas (BSP) Wednesday. (Photo: Bangko Sentral ng Pilipinas\/ Facebook)\" width=\"960\" height=\"638\" srcset=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2017\/04\/12540642_997366883660474_3155120477978164612_n.jpg 960w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2017\/04\/12540642_997366883660474_3155120477978164612_n-300x199.jpg 300w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2017\/04\/12540642_997366883660474_3155120477978164612_n-768x510.jpg 768w\" sizes=\"auto, (max-width: 960px) 100vw, 960px\" \/><\/a><figcaption id=\"caption-attachment-96982\" class=\"wp-caption-text\">Undersubscriptions were registered for both the seven-day and 28-day term deposit facilities (TDF) of the Bangko Sentral ng Pilipinas (BSP) Wednesday. (Photo: <a href=\"https:\/\/www.facebook.com\/BangkoSentralngPilipinas\">Bangko Sentral ng Pilipinas\/ Facebook<\/a>)<\/figcaption><\/figure>\n<p>MANILA\u2013Undersubscriptions were registered for both the seven-day and 28-day term deposit facilities (TDF) of the Bangko Sentral ng Pilipinas (BSP) Wednesday.<\/p>\n<p>Data released by the central bank showed that the PHP30 billion offering for the shorter-dated TDF received PHP21.335 billion worth of bids, which in turn was awarded by the auction committee as is<\/p>\n<p>This led to the drop in this tenor\u2019s bid coverage ratio to 0.7118 from last week\u2019s 1.2053.<\/p>\n<p>Accepted yield was between a range of 2.9000 percent to 3.5000 percent while weighted average accepted yield stood at 3.0478 percent.<\/p>\n<p>The 28-day facility received bids amounting to PHP149.921 billion, also below the PHP150 billion offering.<\/p>\n<p>The bid coverage ratio of this facility, however, improved to 0.9995 from last week\u2019s 0.8050 because bids for this week are higher than last week\u2019s PHP120.754 billion.<\/p>\n<p>Weighted average accepted yield stood at 3.4208 percent from the accepted yield range of 3.3000 percent to 3.5000 percent.<\/p>\n<p>Monetary officials have traced these undersubscriptions to the bank\u2019s preference for shorter-dated investment instruments and the wait-and-see stance as they await developments on, among others, the decision by the Federal Reserve to further increase key rates.<\/p>\n<p>They however said a change in the offerings for both tenors is not in the immediate future, thus, the seven-day facility will still be offered for PHP30 billion and the 28-day TDF for PHP150 billion during the auctions on April 12 and 19.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MANILA\u2013Undersubscriptions were registered for both the seven-day and 28-day term deposit facilities (TDF) of the Bangko Sentral ng Pilipinas (BSP) &hellip;<\/p>\n","protected":false},"author":33,"featured_media":96982,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19,16,95],"tags":[1216,17536],"class_list":["post-96981","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","category-news","category-news-ph","tag-bangko-sentral-ng-pilipinas","tag-term-deposit-facilities","mauthors-joann-s-villanueva","mauthors-philippine-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/96981","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=96981"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/96981\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/96982"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=96981"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=96981"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=96981"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}