TDF auction results show ‘healthy price discovery,’ says BSP chief Espenilla 1 SHARES Share it! “TDF auction results confirm success and effectiveness of our operational adjustment (and the) strong participation resulting in oversubscription across all tenors,” said Espenilla. Also, the yields “trace a pattern consistent with healthy price discovery in line with macro fundamentals.”Espenilla said they are likely to maintain the current TDF offer size of P110 billion; P50 billion for the 7-days, P40 billion for the 14-days and R20 billion for the 28-days. This week’s TDF auction attracted more bids of P146.856 billion, higher than the previous Wednesday’s P117.13 billion. Tags: Bangko Sentral ng Pilipinas, liquidity management, Nestor A. Espenilla Jr., TDF auction results, TDF auction results show ‘healthy price discovery’ says BSP chief Espenilla, term deposit

Source: Manila Bulletin March 07, 2018 14:00 UTC