RBA open to unconventional policy if cash rate cut to 0.5%
SYDNEY — Australia’s central bank would consider unconventional monetary options if the cash rate was cut to 0.5%, Deputy Governor Guy Debelle said on Tuesday, though he hoped such heavy policy adjustments would not be needed.
Japan closely watching yen moves ‘with urgency’
TOKYO — Japanese Finance Minister Taro Aso said on Tuesday he was monitoring currency moves “with a sense of urgency” after a recent spike in the yen, using a phrase suggesting policy makers’ concern about excessive volatility.
Asia United Bank sets up P30-billion bond program
ASIA UNITED Bank Corp. (AUB) plans to tap the bond market as it looks to raise as much as P30 billion.
Libor undertakers wanted: Wall Street braces for rate benchmark’s end
THE LONDON interbank offered rate (Libor) is dying, warn global regulators, and there’s nothing banks can do to stop it.
Peso flat amid geopolitical issues
THE PESO ended flat on Tuesday due to uncertainty amid the ongoing US-China trade dispute.
Three-year bonds may fetch lower rates
THREE-YEAR Treasury bonds (T-bond) on offer tomorrow will likely fetch lower rates amid strong demand and following the speech of US Federal Reserve chief Jerome Powell over the weekend.
Most Asian units slip on US-China
MOST emerging Asian currencies slipped on Monday, tracking the broader sell-off in equity markets, as investors scurried away from risky assets amid intensifying Sino-US trade tensions.
World Bank commits additional $280-million funding for PRDP
DAVAO CITY — The World Bank has committed to add another $280 million fund for the Philippine Rural Development Project (PRDP), Agriculture Secretary William D. Dar announced Saturday.
ADB’s technical support for PHL infrastructure at $77M
THE ASIAN Development Bank (ADB) has so far disbursed $76.79 million to support the Philippines in creating a pipeline of infrastructure projects that may be implemented by the next administration.
As electronic bond trading takes off, debt sales business may be ripe for automation
LONDON — With banks’ bond trading desks increasingly going electronic, another of the last bastions of old-school banking — the business of helping companies and countries raise capital — may be about to succumb to the tide of technology.
Peso to trade sideways
THE PESO could trade sideways this week after the less dovish remarks from the US Federal Reserve chair’s speech last Friday.
Debt yields end mixed ahead of Powell speech
DEVELOPMENTS abroad caused yields on government securities (GS) to end flat last week as investors awaited the pronouncements from the US central bank on the direction of its monetary policy moving forward.