Yields on Bangko Sentral ng Pilipinas’ (BSP) term deposit facilities (TDF) fell at its Wednesday auction, following the 25-basis-point (bp) cut in key policy rates on Aug. 29, 2025.
The BSP fully awarded P50 billion for the 14-day tenor and accepted P39.548 billion for the seven-day tenor.
Total tenders reached P98.180 billion, with the 14-day facility attracting P58.632 billion in bids. This was an increase from the P74.450 billion in total tenders at the Aug. 27 auction.
The BSP raised the total TDF offering to P100 billion, increasing both seven-day and 14-day offerings to P50 billion each.
The weighted average interest rate for the seven-day tenor eased by 13.74 bps to 5.1101 percent, while the rate for the 14-day tenor declined by 13.81 bps to 5.1294 percent.
This widened the range of accepted yields for the seven-day TDF to between 4.9600 percent and 5.2498 percent, and between 5.0500 percent and 5.1900 percent for the 14-day TDF.
 term deposit facilities (TDF) declined at its latest auction, following a 25 basis point reduction in key policy rates.){kind=link}