Gov’t makes full award of T-bond offer on low rates, strong demand
THE GOVERNMENT made a full award of the reissued Treasury bonds (T-bonds) it offered on Tuesday on the back of low rates and strong demand, as investors flocked to safe-haven assets.
Security Bank posts higher income in Q1
SECURITY BANK Corp. booked a higher net income in the first quarter, backed by stronger revenues due to the growth in its core business.
Fed’s slowing Treasury purchases may boost yields
NEW YORK — The Federal Reserve’s gradual withdrawal from the US Treasury market as the coronavirus pandemic eases and liquidity improves could dry up appetite for longer-dated government debt and push up long-term interest rates months from now.
Peso strengthens against dollar on continued drop in oil prices
THE PESO strengthened further on Tuesday after continued drop in global oil prices as well as prospects of a gradual reopening of some parts of the US economy.
Treasury raises P24 billion from T-bills on strong market demand
THE GOVERNMENT upsized its award of Treasury bills (T-bills) on Monday due to strong demand following central bank’s remarks on further monetary easing and the Treasury’s announcement of a dollar bond issue.
UnionBank net income climbs 22% in 1st quarter
UNIONBANK OF THE Philippines, Inc. booked a higher net profit in the first three months of the year amid better revenues and higher net interest income.
Liquidity growth slows in February amid outbreak
MONEY SUPPLY growth in February slowed, with markets already factoring in the possible impact of the coronavirus disease 2019 (COVID-19) on the economy.
Peso strengthens vs dollar
THE peso strengthened on Monday on positive market sentiment as there were fewer new cases of coronavirus disease 2019 (COVID-19) in some countries and as investors await further aid for businesses amid the pandemic.
T-bill, T-bond rates likely to drop
RATES OF government securities on offer this week will likely decline on strong demand following the central bank’s liquidity boost.
Yields on gov’t debt fall
YIELDS ON government securities (GS) fell last week as investors continued to digest the Bangko Sentral ng Pilipinas’ (BSP) off-cycle half-percentage-point interest rate cut.
Peso expected to weaken on volatile oil prices
THE PESO may weaken this week amid continued volatility in global oil prices due to the coronavirus disease 2019 (COVID-19).
Banks keep lending standards unchanged in Q1
MOST BANKS kept their lending criteria for businesses and households unchanged in the first quarter, according to the Bangko Sentral ng Pilipinas (BSP).