China’s under-the-radar bond boom may be next risk target as sales rise
CHINA’S riskiest borrowers are ramping up sales of short-term dollar debt again, reigniting speculation the authorities will clamp down on what has become a...
EU looking to propose stronger monitoring of UK financial firms after Brexit
BRUSSELS — The European Commission was set to propose later on Wednesday stricter controls of foreign financial firms that do business in the European...
MassMutual Life sees ‘tremendous’ Asia opportunity with Yunfeng deal
MASSACHUSETTS Mutual Life Insurance Co. Chief Executive Officer Roger Crandall said there’s room for more growth in Asia after his firm acquired a stake...
Gov’t fully awards 10-year T-bonds as rates drop
By Melissa Luz T. Lopez,
Senior Reporter
THE GOVERNMENT raised P15 billion worth of reissued 10-year Treasury bonds (T-bonds) yesterday on the back of strong market...
Peso climbs to one-week high ahead of Federal Reserve, BSP
THE PESO picked up versus the dollar for the second straight session yesterday to its best showing in over a week, benefiting from risk-on...
A winning bearish dollar bet: local currency emerging market bonds
NEW YORK — One of the best strategies to cash in on the dollar’s slide since Donald Trump’s election victory is a rather exotic...
Current account may revert to surplus on inflows
By Melissa Luz T. Lopez,
Senior Reporter
THE COUNTRY’S current account could revert to a narrow surplus this year amid expectations that more funds will trickle...
Security Bank, RCBC roll out online card lock feature
CUSTOMERS of Security Bank Corp. and Rizal Commercial Banking Corp. (RCBC) now have the option to employ online card locking to prevent thieves from...
Peso strengthens on weak key US data
THE PESO gained strength versus the dollar yesterday on the back of weak economic data in the United States, with the sideways move reflecting...
Too soon to assess risks of central bank-issued cryptocurrencies: Bank for Int’l Settlements
LONDON — It is too soon to determine whether central banks should issue their own cryptocurrencies, the Bank for International Settlements (BIS) said on...
Yield on 10-year Treasury bonds seen sideways
By Melissa Luz T. Lopez,
Senior Reporter
TREASURY BONDS (T-bonds) on offer this week will likely fetch higher yields than current market rates as investors take...
BSP stays in the black as of July despite decline in net earnings
THE Bangko Sentral ng Pilipinas (BSP) remained in the black at end-July but saw its net income slip from a year ago as miscellaneous...