TDF yields continue to go up as market sees further tightening

YIELDS on the Bangko Sentral ng Pilipinas’ (BSP) term deposits rose further on Wednesday even as the offer was oversubscribed, as higher oil prices and the peso’s depreciation strengthened the case for further monetary policy tightening. Demand for the seven-day term deposit facility (TDF) reached P137.579 billion, exceeding the P120 billion placed on the auction […]