The 14-day BoBC yield was unchanged at 2.06 percent for a paper maturing on March 18, 2015 while that for a 91-day paper maturing on June 3, 2015 dropped to 2.20 percent from 3.23 percent. The results of the auction held on March 3 are summarised below.

DATE: March 3, 2015

Issue BoBC 180315 BoBC 030615
Total Subscribed (P million) 915.000 1 029.100
Total Allotment (P million) 915.000 1 007.100
Stop-Out Price (P) 99.921 99.445
Stop-Out Yield (percent) 2.08 2.26
Simple Rate (percent) 2.06 2.24
Weighted average yield of winning bids (percent) 2.06 2.20
Simple rate for weighted average winning bids (percent) 2.04 2.18
Weighted average price of winning bids (P) 99.922 99.459
Minimum winning bid yield (percent) 2.03 2.15
Maximum bid yield (percent) 2.08 2.36
Days to Maturity 14 91

Note: 
BoBC 180315 - Bids at and above P99.921 received full allotment.

BoBC 030615 - Bids at and above P99.445 received full allotment.