Fedcoin? The US central bank is looking into it
PALO ALTO, Calif. — The Federal Reserve is looking at a broad range of issues around digital payments and currencies, including policy, design and legal considerations around potentially issuing its own digital currency, Governor Lael Brainard said on Wednesday.
Gov’t makes full award of T-bills as rates mostly drop on demand
THE GOVERNMENT fully awarded the P20 billion in Treasury bills (T-bills) it auctioned off on Monday as rates mostly continue to decline on expectations of monetary easing and investors’ flight to safe havens due to the coronavirus disease 2019 (COVID-19) outbreak.
Yields on gov’t debt flat over inflation results
By Christine Joyce S. Castañeda
Senior Researcher
YIELDS on government securities (GS) traded in the secondary market were flat last week amid concerns over February inflation...
Peso edges higher against dollar
THE PESO strengthened slightly against the dollar on Wednesday amid rising US Treasury yields.
The local currency ended the session at P52.31 against the greenback...
Treasury partially awards papers
THE AUCTION of P15 billion worth of Treasury bills (T-bills) on Monday saw mixed results as investors swarmed the shorter-dated securities but avoided the...
LANDBANK income up 52%
Land Bank of the Philippines (LANDBANK) saw its net income surge in the first quarter, supported by strong growth in loans.
The state-run lender said...
Gov’t settles for partial award of T-bills to limit increase in yields
THE GOVERNMENT settled for a partial award of the P15 billion worth of Treasury bills (T-bills) it offered yesterday as yields climbed, reflecting market anticipation for additional rate hikes from the local central bank.
Gov’t makes partial T-bills award
THE GOVERNMENT partially awarded the Treasury bills (T-bill) on offer yesterday as rates climbed across all tenors due to market expectations of fresh monetary tightening by the local and US central banks.
T-bills on offer may fetch lower rates on dovish Fed
YIELDS ON the Treasury bills (T-bill) on offer today are expected to slide after the US central bank signalled a dovish stance on hiking its borrowing costs at its policy review last week.
Rediscount loans go up
BANKS CONTINUED to take out loans from the central bank’s rediscount window in July, with the credit going to commercial, production and other transactions.
CredoLab looking to diversify clientele
SINGAPORE-BASED financial technology (fintech) player CredoLab is targeting to “diversify” its clientele in the Philippines and offer its data analytics solutions to non-bank firms by next year, a senior official said.
Gov’t partially awards T-bond offer
THE GOVERNMENT made a partial award of the reissued Treasury bonds (T-bond) it auctioned off yesterday as rates increased, with investors opting for shorter tenors.