Gov’t makes partial award of 182-day T-bills as rates climb
THE GOVERNMENT made a partial award of the Treasury bills (T-bill) it auctioned off on Monday as rates on the six-month securities increased.
Won’s revival challenges baht’s strength
THE THAI BAHT’S reign as Asia’s best-performing currency is coming under threat from an unlikely source: South Korea’s won.
China central bank cuts short-term funding rate for the first time since 2015
SHANGHAI — China’s central bank unexpectedly trimmed a closely watched lending rate on Monday, the first such cut in more than four years and a signal to markets that policy makers are ready to act to prop up slowing growth.
Big bets in Asia on Fed have traders guessing who’s paying
THE EURODOLLAR options market, where investors bet on US interest rates, is typically quiet during Asian trading hours. The lack of liquidity hasn’t stopped the building of huge positions in recent weeks.
Peso inches lower amid cautious trade
THE PESO moved sideways as it traded within a tight range yesterday with the market staying on the sidelines, anticipating central bank developments overseas.
Rates on T-bills likely to move sideways
TREASURY bills (T-bill) on offer today will likely trade sideways following the central bank’s move to keep benchmark interest rates unchanged.
Gov’t debt yields flat without leads
YIELDS on government securities (GS) once again ended flat last week from week-ago levels as investors wait for fresh leads that would spur demand for the debt papers.
Peso to rally on revived US-China trade hopes
THE PESO is poised to appreciate this week on renewed hopes that US and China will be able to hammer out a “phase one” trade deal.
BPI aims to grow sustainable loans by 20% in 2020
THE Bank of the Philippine Islands (BPI) is targeting a 20% growth in its sustainable loan portfolio by next year.
Hot money reverses to net inflow in October
MORE foreign capital entered than left the country in October to yield a net inflow after two months of outflows, the central bank reported on Friday.
AMA Rural Bank employees refuse to turn over records to PDIC
CLAIMS of depositors of the closed AMA Rural Bank of Mandaluyong, Inc. will be delayed as the bank refuses to turn over its records to the Philippine Deposit Insurance Corp. (PDIC).
Peso inches higher on dovish Fed
THE PESO moved sideways on Friday as the US Federal Reserve hinted it is done with rate cuts for the year and as the market looked for more solid developments in the US-China trade talks.