Yields on term deposits drop as offer of 14-day tenor resumes
YIELDS ON THE Bangko Sentral ng Pilipinas’ (BSP) term deposit facility (TDF) continued to slip following its easing moves in the past months to help mitigate the impact of the coronavirus crisis on the economy.
BSP’s rediscount facility left untapped in May
LENDERS LEFT the central bank’s rediscount facility untouched in May, signaling liquidity levels have increased after the implementation of measures meant to funnel more funds into the financial system.
Peso rebounds vs dollar on narrower trade deficit
THE PESO rebounded against the greenback on Wednesday on news of a narrower April trade deficit and the unsustained rally of US stocks.
Gov’t makes full award of bonds
THE GOVERNMENT made a full award of the reissued three-year Treasury bonds (T-bonds) it auctioned off on Tuesday as demand soared amid strong liquidity in the market, further pulling down rates.
BSP to gradually normalize monetary operations
THE BANGKO SENTRAL ng Pilipinas (BSP) will gradually resume offering term deposits with longer maturities and will bring back its P200-billion offerings under the reverse repurchase (RRP) facility as liquidity improves.
As Japan, Inc. battles coronavirus, liquidity and bank deposits rise at record annual pace...
TOKYO — Japan’s money stock, or currency in circulation and bank deposits, rose at the fastest annual pace on record in May as companies hoarded cash to guard against slumping sales from the coronavirus pandemic, central bank data showed on Tuesday.
Peso retreats as Diokno signals pause in easing
THE PESO retreated for the second straight day on Tuesday after gains in the US stock market and amid signals of a likely pause in easing by the Bangko Sentral ng Pilipinas (BSP).
BSP to keep rates steady on risks
BENCHMARK interest rates are likely to remain steady even as inflation continues to ease as the central bank wants to be ready in case of a worse fallout from the coronavirus crisis, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said.
Gov’t raises P28B via T-bills on strong demand
THE GOVERNMENT upsized the amount of Treasury bills (T-bills) it accepted on Monday and even opened the tap facility as rates continued to slide amid strong demand for state debt.
Peso weakens on US jobs data, oil production cuts
THE PESO weakened on Monday as sentiment favored the greenback after data on US jobs as well as the extension of oil production cuts.
T-bill, T-bond rates likely to slip
RATES OF government securities on offer this week will likely decline slightly on ample demand and as bond yields settle near the headline inflation rate.
Peso to strengthen on data showing recovery
THE PESO is likely to strengthen further this week as the market prices in data showing the economy is off to a gradual recovery and await developments in legislation on the government’s crisis response.