Repo market blowup fueled by big banks and hedge funds, BIS says
THE SEPTEMBER MAYHEM in the US repo market suggests there’s a structural problem in this vital corner of finance and the incident wasn’t just a temporary hiccup, according to a new analysis from the Bank for International Settlements (BIS).
Peso ends flat vs dollar ahead of BSP policy meeting
THE PESO moved sideways on Monday following the latest round of cuts to banks’ reserve requirement ratios (RRR) and as markets await the Bangko Sentral ng Pilipinas’ (BSP) monetary policy decision.
Three-year T-bonds likely to fetch lower rates
TREASURY BONDS (T-bonds) on offer on Tuesday will likely fetch lower rates as the market awaits the central bank’s move on interest rates after the release of latest inflation data.
Yields on gov’t debt end flat on BSP rate bets
YIELDS ON government securities (GS) traded at the secondary market remained flat last week amid mixed expectations on whether the central bank will cut rates or not as the November inflation print picked up last week.
Peso may strengthen on trade data, BSP decision
THE PESO may strengthen this week as the market awaits the release of local trade data as well as the possibility of a final round of easing at the central bank’s last policy meeting for this year, which happens this week.
DBP opens soft loan program for irrigation, water supply projects
DAVAO CITY -- Government-run Development Bank of the Philippines (DBP) has opened a soft loan window for local government units (LGUs) as well as cooperatives in Mindanao for water supply systems and irrigation projects.
Record-high reserves to boost peso, liquidity
THE RECORD-HIGH level of dollar reserves held by the central bank will bode well for the local unit’s strength versus the dollar and for liquidity, according to economists.
Dollar reserves hit $86.39B at end-November
THE country’s dollar reserves rose by $560 million from a month earlier to $86.39 billion at the end of November, giving the central bank enough buffer against liquidity shocks, the Bangko Sentral ng Pilipinas (BSP) said on Friday.
Peso continues rally against dollar
THE peso continued to rally against the dollar on Friday on positive market sentiment about inflation.
Collateral registry up by May
A PROPOSED online registry for loan collaterals will go live in May next year and is expected to widen the access of micro, small and medium enterprises to credit, the Finance department said on Friday.
Fitch blames slow credit growth on trade issues
THE SLOWDOWN in credit growth despite the rounds of monetary easing by the central bank could be blamed on a decline in loans to the manufacturing sector, according to Fitch Ratings.
Negative rates starting to worry ECB
FIVE WEEKS since Mario Draghi retired from running the European Central Bank (ECB), finding an outright fan of his legacy of negative interest rates has become a lot harder.