The 14-day BoBC yield remained at 1.10 percent  for a paper maturing on November 18, 2015 while that for a 91-day paper maturing on Februarry 3, 2016 dropped to 1.19 percent from 1.31. The results of the auction held on November 3 are summarised below.

DATE: November 3, 2015

Issue BoBC181115 BoBC030216
Total Subscribed (P million) 1 910.000 3 130.000
Total Allotment (P million) 1 810.000 2 000.000
Stop-Out Price (P) 99.950 99.689
Stop-Out Yield (percent) 1.31 1.26
Simple Rate (percent) 1.30 1.25
Weighted average yield of winning bids (percent) 1.10 1.19
Simple rate for weighted average winning bids (percent) 1.10 1.19
Weighted average price of winning bids (P) 99.958 99.705
Minimum winning bid yield (percent) 1.05 1.16
Maximum bid yield (percent) 1.52 1.52
Days to Maturity 14 91

Note: 
BoBC 181115 - Bids at and above P99.950 received full allotment.

BoBC 030216 - Bids above P99.689 received full allotment while bids at P99.689 received around 77.31 percent of the amount applied for.