The 14-day BoBC yield remained at 3.13 percent for a paper maturing on May 21, 2014 while that for a 91-day paper maturing on August 6, 2014 dropped to 3.27 percent from 3.28. The results of the auction held on May 6 are summarised below.
DATE: May 6, 2014
| Issue | BoB0210514 | BoBC 060814 |
| Total Subscribed (P million) | 1 600.800 | 1 542.700 |
| Total Allotment (P million) | 1 400.000 | 1 300.000 |
| Stop-Out Price (P) | 99.881 | 99.191 |
| Stop-Out Yield (percent) | 3.15 | 3.31 |
| Simple Rate (percent) | 3.11 | 3.27 |
| Weighted average yield of winning bids (percent) | 3.13 | 3.27 |
| Simple rate for weighted average winning bids (percent) | 3.08 | 3.23 |
| Weighted average price of winning bids (P) | 99.882 | 99.203 |
| Minimum winning bid yield (percent) | 2.78 | 3.22 |
| Maximum bid yield (percent) | 3.21 | 3.39 |
| Days to Maturity | 14 | 91 |
Note:
BoBC 210514 - Bids above P99.881 received full allotment while bids at P99.881received around 58.62 percent of the amount applied for.
BoBC 060814 - Bids above P99.191 received full allotment while bids at P99.191 received around 38.90 percent of the amount applied for.