THE term deposit facility (TDF) auction was oversubscribed again on Wednesday, following undersubscription in the longer tenor last week, as the effects of the holiday slowdown and the December 14 US Federal Reserve rate hike diminished, the central bank reported.
The Bangko Sentral ng Pilipinas (BSP) fully awarded the P180-billion TDF. total bids for the seven- and 28-day facilities reached over P260 billion.
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