BSP bills fetch higher rate despite oversubscription

THE BANGKO SENTRAL ng Pilipinas’ (BSP) short-term securities fetched a higher average yield for a ninth straight week even as the offer was met with strong demand, recovering from the prior week’s undersubscription. Bids for the 28-day BSP bills amounted to P52.315 billion on Friday, exceeding the P30 billion placed on the auction block. This […]