• Bangko Sentral ng Pilipinas awarded 313.5b pesos ($5.74b) term deposits offered at its weekly auction on Jan. 25, lower than the intended volume of 320b pesos.
  • 7-day term deposit undersubscribed; yields fell
  • 14-day term deposit oversubscribed; yields fell
  • Central bank didn’t offer 28-day term deposit
  • Total bids 327.4b pesos. Last week, bids reached 377.2b pesos for an offering of 390b pesos