The 14-day BoBC yield dropped to 3.07 percent from 3.10 for a paper maturing on February 18, 2015 while that for a 91-day paper maturing on May 6, 2015 edged up to 3.23 percent from 3.12. The results of the auction held on February 3 are summarised below.

DATE: February 3, 2015

Issue BoBC 180215 BoBC 060515
Total Subscribed (P million) 805.000 878.000
Total Allotment (P million) 755.000 825.100
Stop-Out Price (P) 99.8830 99.205
Stop-Out Yield (percent) 3.10 3.25
Simple Rate (percent) 3.05 3.21
Weighted average yield of winning bids (percent) 3.07 3.23
Simple rate for weighted average winning bids (percent) 3.03 3.19
Weighted average price of winning bids (P) 99.884 99.211
Minimum winning bid yield (percent) 3.05 3.22
Maximum bid yield (percent) 3.34 3.57
Days to Maturity 14 91

Note: 
BoBC 180215 - Bids at and above P99.883 received full allotment.

BoBC 060515 - Bids at and above P99.205 received full allotment.