• Bangko Sentral ng Pilipinas awarded 275.8b pesos ($4.91b) term deposits offered at its weekly auction on March 20, lower than the intended volume of 310b pesos.
  • 7-day term deposit undersubscribed; yields fell
  • 14-day term deposit undersubscribed; yields fell
  • Total bids 275.8b pesos. Last week, bids reached 338.6b pesos for an offering of 400b pesos