THE Bangko Sentral ng Pilipinas (BSP) on Friday reduced the total volume offering of the BSP bills (BSPB) to P160 billion from P190 billion in the previous week.
In a statement, Deputy Governor Francisco Dakila Jr. said the allocation mix was lowered to P60 billion from P70 billion for the 28-day tenor and P100 billion from P120 billion for the 56-day tenor.
The weighted average interest rates fell by 3.31 basis points to 6.3136 percent for the 28-day tenor.
The average interest rate for the 56-day tenor, meanwhile, also fell by 3.70 basis points to 6.3255 percent.
Dakila said the range of accepted yields widened to 6.4380 to 6.3136 percent for the 28-day BSPB and to 6.1480-6.4180 percent for the 56-day BSPB.
Total tenders reached P129.785 billion from P225.470 billion.
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