TDF remains oversubscribed but rates tumble 0 SHARES Share it! All TDF average rates are down, also a continuation of the January 8 falling yields. The 14-day TDF, offered at ₱50 billion, had bids amounting to double of the size at ₱103.85 billion as banks swamped the tenor. The longest-dated 28-day attracted ₱75.02 billion against offer of ₱50 billion. They also see the BSP further reducing the RRR by 100 bps this year, and the key rates by 50 bps.

Source: Manila Bulletin January 15, 2020 14:01 UTC