Exotic derivatives bet on Fed policy disappointment
A DOVISH Federal Reserve may be boosting bonds and giving a fillip to stocks, but UBS Group AG is dangling a strategy for traders to wager the honeymoon won’t last.
Peso climbs on US-Mexico deal
THE PESO strengthened on Tuesday as tensions between the United States and Mexico eased following a deal on immigration policies.
Gov’t fully awards T-bills as rates plunge
THE GOVERNMENT made a full award of the Treasury bills (T-bill) it placed on the auction block on Monday as yields plunged across the board amid expectations of interest rate cuts from the local and US central banks.
Rediscount borrowings by banks decline in May
BANKS TOOK less loans out of the central bank’s rediscount window in May, with the credit going to their purchases and commercial credits.
Kuroda says BoJ has enough ammunition for monetary stimulus, wary of side effects
THE BANK of Japan (BoJ) can deliver more big monetary stimulus if necessary, but needs to take care with its side effects on the financial system, said Governor Haruhiko Kuroda.
ECB policy makers catch glimpse of future in Japan
FUKUOKA, Japan — Europe’s top central bankers who met their global peers in Japan this weekend may have caught a glimpse of their own future.
Peso declines further vs dollar
THE PESO weakened against the dollar on Monday, tracking regional currencies as the rally in emerging markets (EM) eased following weak China trade data.
Gov’t securities to fetch lower rates on demand
GOVERNMENT SECURITIES on offer this week will likely fetch lower rates amid strong demand for the debt papers and as they track the movement of US Treasuries.
Debt yields end lower on Powell’s dovish remarks
YIELDS on government securities (GS) went down last week as they tracked the movement of US Treasuries following dovish remarks from the Federal Reserve.
Peso to move sideways vs dollar on soft US jobs data, trade issues
THE PESO is seen to move sideways against the dollar this week following weaker-than-expected jobs data in the United States as well as positive developments in Washington’s trade issues.
CIC set to charge financial firms for accessing credit information
STATE-RUN Credit Information Corp. (CIC) is set to charge financial institutions for their access to its credit information database following a one-year data cleansing phase.
ECB policy makers open to cut rates if growth weakens
FUKUOKA/FRANKFURT -- European Central Bank policy makers are open to cutting the ECB’s policy rate again if economic growth weakens in the remainder of the year and a strong euro hurts a bloc already bearing the brunt of a global trade war, two sources said.