Continued strong demand for 28-day BSP invoices

DEMAND for Bangkok Sentral ng Pilipinas (BSP) securities remained sturdy throughout Friday’s one-month bond public sale.

The BSP elevated the provide quantity for the 28-day provide from P160 billion to P190 billion.

Complete bids had been obtained for 230,212 billion pesos, 1.21 occasions the quantity provided, of which 190 billion pesos was accepted.

The weighted common rate of interest fell 1.2543 foundation factors to six.3464 p.c.

The accepted returns narrowed to a spread of 6.0000 to six.4000 p.c.

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“The outcomes of the BSP Invoice public sale proceed to mirror the continued sturdy curiosity from market contributors given the ample liquidity within the monetary system,” mentioned Central Financial institution Deputy Governor Francisco Dakila Jr..

“Trying forward, BSP’s financial operations will proceed to be guided by their evaluation of latest liquidity situations and market developments,” he added.