Global bonds add record $2.8 trillion in market value in November

GLOBAL BONDS rebounded in November, adding a record $2.8 trillion in market value, as investors bet that central banks are getting a grip on inflation. But how long the party lasts is another matter.

Gov’t partially awards T-bonds on strong demand

THE GOVERNMENT partially awarded the reissued 20-year Treasury bonds (T-bonds) it offered on Tuesday as rates declined on strong demand amid upcoming maturities of past issuances.

TDF yields climb on rate hike bets

YIELDS on the term deposit facility (TDF) of the Bangko Sentral ng Pilipinas (BSP) continued to rise on Tuesday due to expectations of more rate hikes next month.

Thai bank to buy stake in Philippine financing firm

THAILAND-BASED Bank of Ayudhya Public Co. Ltd. is set to acquire a 75% stake in consumer financing firm HC Consumer Finance Philippines, Inc. (HCCFP) as part of its expansion efforts in Southeast Asia.

Peso strengthens vs dollar on oil, higher remittances

THE PESO strengthened against the dollar on Tuesday amid easing global oil prices and ahead of an expected increase in remittances due to the holidays.

Gov’t makes partial award of Treasury bills

THE GOVERNMENT partially awarded the Treasury bills (T-bills) it auctioned off on Monday as yields sought by investors remained high ahead of the release of November inflation data.

Emerging-market bond laggard Asia is primed for rebound next year

EMERGING ASIAN bonds have trailed their developing-nation peers this year, but a turning point looks to be just around the corner.

Sun Life Philippines targets double-digit growth in 2023

SUN LIFE of Canada (Philippines), Inc. targets sustained growth in 2023 as it looks to launch new products to cater to its clients’ needs amid higher interest rates and elevated inflation.

Peso up on easing oil prices

THE PESO strengthened versus the dollar on Monday after global oil prices eased, erasing all gains posted since the start of the Russia-Ukraine war.

Rates of Treasury bills, bonds to rise as Fed seen to hike further

RATES of government securities on offer this week could climb after minutes of the US Federal Reserve’s latest meeting hinted on less aggressive tightening.

Debt yields decline on dovish Fed

YIELDS on government securities (GS) went down last week due to dovish signals from the US Federal Reserve and following the release of the Treasury bureau’s borrowing plan in December.

Peso may continue to strengthen against the dollar ahead of key data

THE PESO is expected to strengthen versus the dollar this week ahead of the release of the latest Philippine manufacturing data and expectations of easing inflation.
BusinessWorld Online