TDF yields go down as benign inflation supports easing bets - BusinessWorld Online

TDF yields go down as benign inflation supports easing bets - BusinessWorld Online

YIELDS on the Bangko Sentral ng Pilipinas’ (BSP) term deposits continued to edge down on Wednesday amid strong demand and on expectations of another rate cut as inflation remains benign. Bids for the central bank’s term deposit facility (TDF) amounted to P140.077 billion, well above the P100 billion auctioned off and the P125.644 billion in bids for the same offer volume last week. The BSP fully awarded both tenors. Broken down, the seven-day pa…