• Bangko Sentral ng Pilipinas awarded 235.3b pesos ($4.08b) term deposits offered at its weekly auction on May 15, lower than the intended volume of 250b pesos.
  • 7-day term deposit oversubscribed; yields rose
  • 14-day term deposit undersubscribed;
  • Total bids 237.4b pesos. Last week, bids reached 228.4b pesos for an offering of 260b pesos