The liquidity absorption facility remained undersubscribed yesterday as bids reached P24.96 billion as against the lowered volume of P30 billion. However, both the 13- and 27-day term deposits were undersubscribed as bids only amounted to P7.42 billion and P6.77 billion, respectively, compared to the P10 billion volume for each tenor. The yields of the term deposits also closed mixed during yesterday’s auction. The six-day term deposits fetched a slightly lower rate of 4.6661 percent from last week’s 4.6669 percent. On the other hand, the yield of the 13-day tenor inched up by 5.14 basis points to 4.6562 percent from 4.6048 percent while the 27-day term deposits saw a 12.46 basis points increase in yield to 4.7848 percent from 4.6602 percent.

Source: Philippine Star June 13, 2019 16:00 UTC