Gov’t fully awards T-bill offering
THE GOVERNMENT fully awarded the Treasury bills (T-bills) it auctioned off on Monday as rates mostly declined amid strong liquidity and expectations of a policy rate cut, even opening the tap facility to raise another P10 billion to accommodate strong demand.
Banks tap rediscount facility amid lockdown
BANKS TAPPED the rediscount facility again in March after the central bank cut policy rates amid the impact of the coronavirus disease 2019 (COVID-19) and the Luzon-wide lockdown.
MBAs allowed to operate during lockdown
MUTUAL benefit associations (MBAs) can now operate with minimal workforce as their employees have been exempted from the enhanced community quarantine, according to the Insurance Commission (IC).
Peso flat as volume thins
THE PESO was flattish on Monday as investors stayed on the sidelines, waiting for a bigger response to the economic impact of the coronavirus disease 2019 (COVID-19) and also following the central bank chief’s fresh signals of a “deeper” rate cut.
T-bills, T-bonds may fetch lower rates
RATES OF government securities on offer this week will likely decline to follow the trend of falling yields in the market amid monetary easing, strong liquidity and plunging oil prices.
Peso to appreciate on demand for liquidity
THE PESO is seen to appreciate versus the dollar this week on the back of demand amid the extended Luzon lockdown and continued improvement in market sentiment due to stimulus measures to cushion economies from the impact of the coronavirus disease 2019 (COVID-19).
Yields on government debt fall on BSP stimulus
YIELDS ON government securities (GS) fell across-the-board last week as traders’ sentiment improved further following the Bangko Sentral ng Pilipinas’ (BSP) decision to buy more debt papers from banks this week.
BSP trims smaller lenders’ liquidity ratio requirement
THE CENTRAL BANK has trimmed the minimum liquidity ratio (MLR) requirement of smaller lenders until the year’s end in a move to boost their...
IC relaxes identification requirements for insurers’ clients
THE INSURANCE Commission (IC) has relaxed the requirements for customer identification documents until June 30 amid the lockdown in various places due to the...
Peso gains as BSP boosts small banks’ liquidity
THE PESO appreciated against the greenback on Wednesday before the Holy Week break on the back of positive sentiment due to the central bank's...
RCBC raises P7.05 billion from bonds
RIZAL COMMERCIAL Banking Corp. (RCBC) raised P7.05 billion via its latest bond offer, which was more than twice oversubscribed.
RCBC said in a statement that...
Peso strengthens on slower March inflation
THE PESO strengthened versus the greenback on Tuesday on the back of positive market sentiment on slower inflation and lower confirmed cases of the...