The 14-day BoBC yield edged up to 3.10 percent from 3.07 for a paper maturing on December 17, 2014 while that for a 91-day paper maturing on March 4, 2015 dropped to 3.19 percent from 3.20. The results of the auction held on December 2 are summarised below.

DATE: December 2, 2014

Issue BoBC 171214 BoBC 040315
Total Subscribed (P million) 315.000 763.000
Total Allotment (P million) 315.000 763.000
Stop-Out Price (P) 99.883 99.209
Stop-Out Yield (percent) 3.10 3.24
Simple Rate (percent) 3.05 3.20
Weighted average yield of winning bids (percent) 3.10 3.19
Simple rate for weighted average winning bids (percent) 3.05 3.15
Weighted average price of winning bids (P) 99.883 99.220
Minimum winning bid yield (percent) 3.10 3.18
Maximum bid yield (percent) 3.10 3.24
Days to Maturity 14 91

Note: 
BoBC 171214 - Bids at and above P99.883 received full allotment.

BoBC 040315 - Bids at and above P99.209 received full allotment.