The 14-day BoBC yield edged up to 1.29 percent from 1.26 for a paper maturing on June 14, 2017 and that for a 91-day paper maturing on August 30, 2017 remained at 1.31 percent. The results of the auction held on May 30, 2017 are summarised below.

DATE: May 30, 2017

Issue BoBC140617 BoBC300817
Total Subscribed (P million) 1 215.000 1 388.000
Total Allotment (P million) 1 195.000 1 200.000
Stop-Out Price (P) 99.949 99.652
Stop-Out Yield (percent) 1.34 1.41
Simple Rate (percent) 1.33 1.40
Weighted average yield of winning bids (percent) 1.29 1.31
Simple rate for weighted average winning bids (percent) 1.28 1.31
Weighted average price of winning bids (P) 99.951 99.675
Minimum winning bid yield (percent) 1.10 1.16
Maximum bid yield (percent) 1.71 1.41
Days to Maturity 14 91

Note: 
BoBC 140617 - Bids at and above P99.949 received full allotment.
BoBC 300817 - Bids  above P99.652 received full allotment while bids at P99.652 received around 6 percent of the amount applied for.