The 14-day BoBC yield dropped to 3.53 from 4.06 percent for a paper maturing on July 10, 2013. The results of the auction held on June 25 are summarised below.
DATE: June 25, 2013
| ISSUE | BOBC100713 |
| TOTAL SUBSCRIBED | P2 571.564 |
| TOTAL ALLOTMENT (P’MILLION) | P2 000.000 |
| STOP-OUT PRICE | P99.866 |
| STOP-OUT YIELD | 3.56 |
| SIMPLE RATE | 3.50 |
| WEIGHTED AVERAGE YIELD OF WINNING BIDS | 3.53 |
| SIMPLE RATE FOR WEIGHTED AVERAGE WINNING BIDS | 3.47 |
| WEIGHTED AVERAGE PRICE OF WINNING BIDS | 99.867 |
| MINIMUM WINNING BID YIELD | 3.48 |
| MAXIMUM BID YIELD | 4.05 |
| DAYS TO MATURITY | 14 |
NOTE: BOBC 100713 – BIDS ABOVE P99.866 RECEIVED FULL ALLOTMENT WHILE BIDS AT P99.866 RECEIVED 36.69 PERCENT OF THE AMOUNT APPLIED FOR.