Term deposit yields inch higher as demand slows
YIELDS ON term deposits offered by the Bangko Sentral ng Pilipinas (BSP) were higher on Wednesday, tracking rates of US government bonds on hopes for a fresh stimulus to prop up the world’s largest economy amid the coronavirus pandemic.
BPI’s net income sinks 33.7% in Q3 on higher loan loss reserves
BANK OF THE Philippine Islands (BPI) posted a lower net income in the third quarter as it continued to increase its loan loss reserves amid the coronavirus pandemic.
BoJ member says swift action needed if COVID-19 delays economic recovery
TOKYO — Bank of Japan (BoJ) board member Makoto Sakurai said on Wednesday the central bank must take “swift and appropriate” action if the coronavirus shock delays the country’s economic recovery.
Peso strengthens as US officials continue talks on fresh stimulus
THE PESO strengthened against the dollar on Wednesday as the United States government continues talks on a fresh stimulus to boost activity in the world’s largest economy amid the ongoing coronavirus pandemic.
BTr fully awards 10-year bonds on lower yield, strong demand
THE GOVERNMENT made a full award of the reissued 10-year Treasury bonds (T-bonds) it offered on Tuesday as its yield dropped on expectations of benign inflation in the next two years.
Inflation seen settling near lower end of BSP goal
HEADLINE INFLATION this year could be lower than expected as risks remain tilted towards the downside amid the ongoing pandemic, a senior central bank official said.
Peso drops vs dollar as virus spreads in the US
THE PESO weakened versus the dollar on Tuesday as coronavirus disease 2019 (COVID-19) cases increased in the United States and after Metro Manila mayors recommended keeping current restrictions for the rest of the year.
Gov’t makes full award of Treasury bills
THE GOVERNMENT made a full award of the Treasury bills (T-bills) it offered on Monday as the rates mostly inched down on the back of strong liquidity in the financial system.
Peso climbs on eased public transportation rules, US stimulus talks
THE PESO strengthened on Monday after the government eased public transportation rules within Metro Manila and as opposition lawmakers in the United States said they expect a deal on a fresh stimulus fund by this week.
Rates of T-bills, bonds to move sideways as market stays liquid
RATES OF government securities on offer this week will likely move sideways as demand remains strong on the back of ample cash in the financial system.
Yields flat on lack of leads
YIELDS ON government securities (GS) ended flat on Friday from week-ago levels as investors wait for fresh leads that would spur demand for debt papers.
Peso expected to rise on eased quarantine rules
THE PESO may strengthen this week following the passage of the 2021 national budget and the easing of quarantine measures in the country.