NextGen Day

The rate of the Bangko Sentral ng Pilipinas (BSP) 28-day notes decreased for the first time in months amid high investor demand.

According to information issued on Friday, the average rate of the debt paper decreased from 4.0596 percent during the auction on September 2 to 4.0518 percent.

The BSP reduced the offer from PHP100 billion to PHP90 billion, and the auction committee granted the whole amount.

The sum of all offers was PHP160.05 billion.

The yields accepted in the auction “moved upward but narrowed to a range of 3.9200 (percent to) 4.0990 percent,” according to a statement from BSP Deputy Governor Francisco Dakila Jr.

Following the Retail Treasury Bonds settlement, “the outcomes of the BSP bill auction speak to the gradual return to normal liquidity circumstances in the short-term market,” he stated. The BSP’s monetary operations will continue to be determined by its evaluation of the most recent market developments and liquidity conditions going forward.

Save/Share this story with QR CODE

---

Disclaimer

This article is for informational purposes only and does not constitute endorsement of any specific technologies or methodologies and financial advice or endorsement of any specific products or services.

Need to get in touch?

Feel free to Contact NextGenDay.com for comments, suggestions, reviews, or anything else.

---

We appreciate your reading. Simple Ways To Say Thanks & Support Us:
1.) GIVE A TIP. Send a small donation thru Paypal
Your DONATION will be used to fund and maintain NEXTGENDAY.com
Subscribers in the Philippines can make donations to mobile number 0917 906 3081, thru GCash.
3.) BUY or SIGN UP to our AFFILIATE PARTNERS.
4.) Give this news article a THUMBS UP, and Leave a Comment (at Least Five Words).

---

AFFILIATE PARTNERS

World Class Nutritional Supplements - Buy Highest Quality Products, Purest Most Healthy Ingredients, Direct to your Door! Up to 90% OFF.
Join LiveGood Today - A company created to satisfy the world's most demanding leaders and entrepreneurs, with the best compensation plan today.

---