• Bangko Sentral ng Pilipinas awarded 252.9b pesos ($4.48b) term deposits offered at its weekly auction on Jan. 31, lower than the intended volume of 310b pesos.
  • 7-day term deposit undersubscribed; yields rose
  • 14-day term deposit undersubscribed; yields fell
  • Central bank didn’t offer 28-day term deposit
  • Total bids 257.4b pesos. Last week, bids reached 282b pesos for an offering of 340b pesos