T-bills, T-bonds to fetch higher rates on GDP data
YIELDS ON THE government securities on offer this week will likely inch up ahead of the fourth-quarter gross domestic product (GDP) data which will be released on Thursday.
Yields on government debt rise on inflation concerns
YIELDS ON benchmark government securities (GS) increased last week, fueled heavily by inflation concerns amid the still-ongoing Taal Volcano eruption.
Peso to strengthen anew ahead of Q4 GDP report
THE PESO is seen to strengthen this week on the back of expectations of strong fourth-quarter economic growth.
Central bank to adjust TDF offers as demand wanes, issue own debt
AUCTIONS FOR THE term deposit facility (TDF) of the central bank will be “adjusted accordingly” as the preference for cash meant for holiday spending starts to subside in January, according to Bangko Sentral ng Pilipinas (BSP) Monetary Policy Sub-Sector Officer-In-Charge Dennis D. Lapid said on Friday.
US Treasury’s 20-year reboot drives troubleshooting across yield curve
THE US TREASURY’S plan to reboot its 20-year bond clarified how the government will fund a $1-trillion deficit, but also raised questions about the decision’s ramifications elsewhere in the market.
US Fed signals lighter touch on bank supervision, foreign bank oversight
WASHINGTON -- The US Federal Reserve on Friday signaled it would take a lighter touch when supervising banks, in another win for the industry which has long complained that the regulator’s closed-door supervisory process is opaque and capricious.
Reduced interest rate reporting for banks take effect this month
THE Bangko Sentral ng Pilipinas (BSP) said the reduced reporting requirements for banks on their interest rates on loans and deposits (IRLD), eliminating daily reports from the industry’s regulatory obligations, take effect this month.
Peso weakens slightly on lack of clarity from US-China trade deal
THE peso moved sideways on Friday on the back of a “disappointing” US-China phase one trade deal and as big data releases next week pushed investors to the sidelines.
Sun Life hits five million clients as millennial market expands
SUN LIFE OF Canada (Philippines), Inc. has hit its customer target one year ahead of its initial plan and is now looking at deepening its relationships with its existing client base for the next few years.
BIR issues rules on BSP’s tax exemption
THE BUREAU OF Internal Revenue (BIR) has issued the implementing rules and regulations (IRR) for the central bank’s tax exemption from all national taxes under its amended charter.
Bangko Sentral net income slips at end-November
THE CENTRAL BANK’S net profit as of November slipped compared to the previous year as gains from currency fluctuations decreased.
Monetary stimulus may disappoint marts
LONDON — Combined stimulus from the world’s biggest central banks is likely to top $1.2 trillion this year, the highest amount since 2017, but it may well disappoint stock markets, which have surfed to successive record highs on the back of this tide of super-easy money.