Peso flat amid continued geopolitical tensions
THE PESO strengthened a tad yesterday as the market was cautious over geopolitical concerns involving US, Iran and North Korea ahead of key US...
UK dismisses report that it could stay in customs union after 2021
LONDON — A source in Theresa May’s Downing Street office has dismissed a media report saying that Britain would tell Brussels it was prepared...
Bonds partially awarded
THE GOVERNMENT made a partial award of the seven-year Treasury bonds (T-bonds) it offered on Wednesday as yields continued to rise amid with expectations...
EastWest Bank profit drops
EAST WEST Banking Corp. (EastWest Bank) posted lower net profit in the first quarter on the back of low contributions from its rural bank...
Demand for BSP’s term deposits surges
By Melissa Luz T. Lopez, Senior Reporter
DEMAND for term deposits surged yesterday accompanied by a rise in yields, as banks’ appetite for the instruments...
Peso edges lower vs dollar
THE PESO traded sideways versus the dollar yesterday as markets took a wait-and-see stance on the path of Treasury yields in the United States...
Gov’t makes partial award of Treasury bills
By Melissa Luz T. Lopez, Senior Reporter
THE GOVERNMENT made a partial award of the P15 billion worth of Treasury bills (T-bills) it offered yesterday,...
S&P ups PHL banks’ risk assessment
S&P GLOBAL Ratings has upgraded its risk assessment on the Philippine banking industry, supported by the sector’s improved credit fundamentals.
The credit rater said it...
BSP adjusts rediscount yields following rate hike
RATES for the central bank’s peso rediscount window have been adjusted upward following the Monetary Board’s decision to raise interest rates last week.
In a...
Peso down on easing US-China tensions after Trump’s ZTE deal
THE PESO weakened yesterday over indications of easing US and China tensions after US President Donald J. Trump’s pronouncements on extending assistance to Chinese...
Yields on Treasury bills, bonds seen mixed after BSP rate hike
YIELDS on government securities to be offered this week will likely end mixed amid market expectations of a big issuance from the Bureau of...
Peso likely to weaken as dollar climbs further on positive data
THE PESO will likely weaken this week as the dollar is seen to remain “relatively strong” amid mixed US economic data as well as...