The 14-day BoBC yield remained at 3.07 percent for a paper maturing on July 16, 2014 while that for a 91-day paper maturing on October 2, 2014 dropped to 3.23 percent from 3.25. The results of the auction held on June 30 are summarised below.

DATE: June 30, 2014

Issue BoBC 160714 BoBC 021014
Total Subscribed (P million) 1 162.500 1 892.500
Total Allotment (P million) 1 162.500 1 800.000
Stop-Out Price (P) 99.882 99.198
Stop-Out Yield (percent) 3.13 3.25
Simple Rate (percent) 3.08 3.21
Weighted average yield of winning bids (percent) 3.07 3.23
Simple rate for weighted average winning bids (percent) 3.03 3.20
Weighted average price of winning bids (P) 99.884 99.201
Minimum winning bid yield (percent) 2.91 3.16
Maximum bid yield (percent) 3.13 3.25
Days to Maturity 14 92

Note: 
BoBC 160714 - Bids above P99.882 received full allotment.

BoBC 021014 - Bids above P99.198 received full allotment while bids at P99.198 received around 76.67 percent of the amount applied for.