Demand for term deposits picks up

Banks again swarmed the central bank’s term deposit facility (TDF) on Wednesday, March 14, although yields continued to climb as players sought higher yields amid some uncertainties in the market.

Demand for the three tenors reached P145.828 billion, shooting beyond the P110 billion which the Bangko Sentral ng Pilipinas (BSP) placed on the auction block. — Melissa Luz T. Lopez