The 14-day BoBC yield dropped to 1.37 percent for a paper maturing on August 16, 2017 from 1.39 percent. For a 91-day paper maturing on November 1, 2017, the yield edged up to 1.37 percent from 1.33 percent. The results of the auction held on August 1, 2017 are summarised below.

DATE: August 1, 2017

Issue BoBC160817 BoBC011117
Total Subscribed (P million) 1 739.000 1 524.000
Total Allotment (P million) 1 739.000 1 524.000
Stop-Out Price (P) 99.945 99.635
Stop-Out Yield (percent) 1.45 1.48
Simple Rate (percent) 1.43 1.47
Weighted average yield of winning bids (percent) 1.37 1.37
Simple rate for weighted average winning bids (percent) 1.36 1.36
Weighted average price of winning bids (P) 99.948 99.661
Minimum winning bid yield (percent) 1.13 1.13
Maximum bid yield (percent) 1.45 1.48
Days to Maturity 14 91

Note: 
BoBC160817 - Bids at and above P99.945 received full allotment.
BoBC011117 - Bids at and above P99.635 received full allotment.