November 21, 2021

The BSP’s 28-day debt paper rate falls.

Even with higher bids and lower offer volume, the rate of the Bangko Sentral ng Pilipinas’ (BSP) 28-day bills fell on Friday.

The average debt paper rate fell to 1.7798 percent, down from 1.7934 percent during the auction last November 12.

The securities were offered by the BSP for PHP100 billion, and the auction committee made a full award. The total value of the tenders was PHP130.51 billion.

The offer volume for the debt paper was PHP110 billion last week.

The bid coverage ratio was 1.3051, up from 1.0023 last week when total bids were PHP110.25 billion.

BSP Deputy Governor Francisco Dakila Jr. has stated numerous times that ample domestic liquidity is driving demand for the central bank’s debt paper.

Dakila stated that the volume of securities offered by the BSP will “always be guided by its most recent assessment of liquidity conditions and market developments.”

Please follow and like us:
error1
fb-share-icon
Tweet 2k
fb-share-icon20
0 0 votes
Article Rating
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments
error

Enjoy this blog? Please spread the word :)

0
Would love your thoughts, please comment.x
()
x