BSP bills fetch mixed yields

YIELDS on the Bangko Sentral ng Pilipinas’ (BSP) short-term securities were mixed on Friday, even as demand was strong as it offered a lower volume compared to the previous week.

- 

The BSP bills fetched bids amounting to P86.003 billion, higher than the P80-billion offer and the P112.781 billion in tenders for the P100-billion auctioned off a week prior. The central bank made a full P80-billion award of the securities.

Broken down, tenders for the one-month BSP bills reached P30.119 billion, just a tad above the P30 billion placed on the auction block but lower than the P46.395 billion in bids for a P40-billion offer in the previous auction.

Banks asked for rates ranging from 5.255% to 5.4%, a narrower but higher margin compared to the 5.198% to 5.395% seen a week earlier. With this, the average rate of the 28-day securities edged up by 0.23 basis point (bp) to 5.3454% from 5.3431% previously.