With continued strong demand for Bangko Sentral ng Pilipinas (BSP) 28-day bills, its average interest rate again dropped to 1.8052 percent or 2.334 basis points (bps) lower from the previous auction. The auction remained oversubscribed by 1.52x with the BSP receiving bids worth P151.50 billion versus offer of P100 billion. ...

Source: Manila Bulletin (https://mb.com.ph/2021/05/01/bsp-bills-rate-down-by-2-334-bps/?utm_source=rss&utm_medium=rss&utm_campaign=bsp-bills-rate-down-by-2-334-bps)