Gov’t makes full award of T-bills as rates drop on easing oil prices
THE GOVERNMENT made a full award of the Treasury bills (T-bills) it offered on Monday as rates mostly declined after global oil prices eased to two-week lows.
UnionBank books lower net income in the first quarter
UNIONBANK of the Philippines, Inc. recorded a lower net profit in the first quarter as trading gains normalized.
Peso declines vs dollar on expectations of bigger rate hike at Fed’s May meeting
THE PESO weakened versus the greenback on Monday as investors priced in a more aggressive rate increase from the US Federal Reserve.
Rates of T-bills, bonds may move sideways as central banks tighten
RATES of government securities to be auctioned off this week are expected to move sideways with a slight upward bias on expectations of global monetary tightening.
Loan demand to grow this quarter — BSP survey
BANKS expect both business and consumer loans to expand in the April to June period backed by the economy’s gradual recovery as mobility restrictions are relaxed.
Yields jump on hawkish Fed
YIELDS on government securities (GS) mostly rose last week as players turned cautious following the hawkish comments from US Federal Reserve officials, causing bets on more aggressive rate hikes in the next two meetings to tame surging inflation.
Peso may depreciate ahead of May polls
THE PESO may depreciate versus the greenback this week due to the upcoming national elections.
BPI Q1 income jumps by 60%
BANK of the Philippine Islands (BPI) recorded a higher net income in the first three months of 2021 on improved net interest earnings and as it continued to trim its loan loss provisions amid a recovering economy.
Remittances rise as host economies reopen
By J. Albert Gamboa
OVERSEAS Filipino workers (OFWs) sent home a total of $5.75 billion in the first two months of 2022, based on the latest data from the Bangko Sentral ng Pilipinas (BSP). This reflected a 1.9% growth over the corresponding level last year.
Peso up on profit taking amid hawkish Fed, softer US home sales data
THE PESO strengthened versus the greenback on Thursday amid profit-taking following hawkish signals from Federal Reserve officials and softer US economic data.
TDF yields rise on Fed official’s hawkish remarks
YIELDS on the term deposit facility (TDF) of the Bangko Sentral ng Pilipinas (BSP) increased on Wednesday as the offer was undersubscribed after a US Federal Reserve official said the central bank should consider aggressive rate hikes amid soaring inflation and with the peso retreating versus the greenback.
Peso down as Evans signals support for 50-bp increases
THE PESO weakened versus the greenback on Wednesday as another US Federal Reserve official said he supports aggressive rate hikes in their coming meetings.