WASHINGTON/LONDON/TOKYO — Manufacturing growth is slowing worldwide as China’s coronavirus disease 2019 (COVID-19) curbs and Russia’s invasion of Ukraine disrupt supply chains and keep inflation at the highest in years, while the growing risk of a US recession poses a new threat to the global economy. Gauges of factory activity released Thursday in Japan, Britain, […]
Tag: inflation
Yields on term deposits climb as market awaits Fed decision
YIELDS on the central bank’s term deposits climbed on Wednesday, with market players positioning ahead of an expected aggressive hike by the US Federal Reserve and amid growing inflation pressures at home. Demand for the term deposit facility (TDF) of the Bangko Sentral ng Pilipinas (BSP) reached P364.664 billion, surpassing the P300-billion offer and the […]
Gov’t partially awards Treasury bills at higher rates
THE GOVERNMENT partially awarded the Treasury bills (T-bills) it offered on Monday, borrowing via the one-year paper for the first time since early last month even as investors asked for higher rates amid expectations of rate hikes here and abroad and an above 5% inflation print in May. The Bureau of the Treasury (BTr) raised […]
Analysts’ May 2022 inflation rate estimates
INFLATION likely surged past 5% in May as food and oil prices continued to climb amid tight global supply, according to analysts. Read the full story.
Gov’t makes partial award of reissued three-year T-bonds
THE GOVERNMENT partially awarded the reissued three-year Treasury bonds (T-bonds) it offered on Tuesday as investors asked for higher yields on expectations of high inflation and rate hikes from the Bangko Sentral ng Pilipinas (BSP) and the US Federal Reserve. The Bureau of the Treasury (BTr) raised just P9.305 billion from its offer of three-year […]
European Central Bank’s battle lines shift with Lagarde urged to speed up tightening
THE European Central Bank (ECB) might be slower than its peers to embrace the idea of hiking interest rates, but its public debate over how aggressively to act is suddenly shifting very fast indeed. Just three weeks ago, policy makers had only just started to coalesce around a first move in July. Now they are […]
Gov’t partially awards T-bills after BSP decision
THE GOVERNMENT partially awarded the Treasury bills (T-bills) it offered on Monday as investors asked for higher returns due to high inflation and following the central bank’s rate hike. The Bureau of the Treasury (BTr) awarded just P8.5 billion in T-bills at its auction on Monday even as total tenders reached P36.545 billion, over twice […]
Jetmakers’ inflation shield no match for soaring costs
DUBLIN — Inflation clauses that determine how much airlines pay for new jets have jumped into a “hyper-escalation” band, pushing up aircraft prices but still leaving manufacturers unable to fully pass on their soaring costs, industry executives told Reuters. The hike to the top inflationary band is a rare move in the industry, potentially triggering […]
Yields rise on Fed moves, April inflation data
By Lourdes O. Pilar, Researcher YIELDS on government securities (GS) climbed across the board last week as investors turned cautious following the US Federal Reserve’s latest rate hike and after local April inflation print went above market expectations. GS bond prices dropped as yields rose by a week-on-week average of 15.92 basis points (bps), based […]
April inflation rises to 4.9%
THE country’s inflation rate increased further to 4.9 percent in April this year from four percent in March.The Philippine Statistics Authority (PSA) said Thursday, May 5, 2022, that this is the highest recorded inflation since January 2019. Inflation in April 2021 was lower at 4.1 percent.The average inflation for the first four months of the […]
Gov’t fully awards bonds
THE GOVERNMENT fully awarded the reissued Treasury bonds (T-bonds) it offered on Wednesday as investors were defensive ahead of the release of April inflation data and the US Federal Reserve’s latest policy decision. The Bureau of the Treasury (BTr) raised P35 billion as programmed through the reissued three-year bonds auctioned off on Wednesday, with tenders […]
Gov’t partially awards T-bills at higher yields
THE GOVERNMENT partially awarded the T-bills it auctioned off on Monday at higher rates on expectations of a higher April inflation, which could give the central bank an impetus to hike borrowing costs earlier than planned. The Bureau of the Treasury (BTr) awarded just P12.613 billion in T-bills at its auction on Monday, slightly below […]
Rates of T-bills, bonds may move sideways ahead of inflation data
RATES of government securities on offer this week are expected to move sideways with a slight upward bias as the market awaits April inflation data and the result of the US Federal Reserve’s policy meeting on May 3-4. The Bureau of the Treasury (BTr) will auction off P15 billion in Treasury bills (T-bills) on Monday […]
Food prices to continue rising on Russian war — MUFG
Officials from the Trade department check the prices of basic goods at a supermarket in Makati City, April 21. — PHILIPPINE STAR/ RUSSELL PALMA THE Russia-Ukraine war may drive food prices even higher in Asian countries, including the Philippines, according to MUFG Global Markets Research. In a note on Monday, MUFG said the war in […]
BI keeps stance unchanged to support economy
BANK INDONESIA kept its benchmark interest rate unchanged to support the economy’s recovery. — REUTERS INDONESIA’S central bank kept its benchmark interest rate unchanged to support the economy’s recovery, while downgrading its growth outlook and saying it will keep a watch on price pressures fueled by the Russia-Ukraine conflict. Bank Indonesia (BI) held the seven-day […]
Soaring prices reach Asia to bring global inflation in sync
THE WORLD is now facing a synchronized inflation outbreak as food and energy prices surge in Asia, a shift from just a few months ago when the region appeared to avoid the price fever gripping the US and parts of Europe. Inflation readings across the region — China, India, Indonesia, the Philippines, Thailand and South […]
Yields on gov’t debt mixed on inflation, Fed minutes
YIELDS on government securities (GS) were mixed last week after the release of March inflation data and minutes of the US Federal Reserve’s latest meeting. Moving inversely to prices, GS yields climbed by a week-on-week average of 1.83 basis points (bps), PHP Bloomberg Valuation Service Reference Rates on April 8 as published on the Philippine […]
Gov’t partially awards fresh 3-year bonds
THE GOVERNMENT partially awarded the fresh Treasury bonds (T-bonds) it offered on Tuesday as investors asked for higher yields in anticipation of a central bank hike in the second half. The Bureau of the Treasury (BTr) raised just P25.791 billion via the fresh three-year T-bonds it auctioned off on Tuesday, less than the programmed P35 […]
March inflation jumps to 4% amid oil price hikes
THE country’s headline inflation accelerated to four percent in March 2022, from three percent in February 2022, bringing year-to-date inflation in the first quarter at 3.4 percent.March 2021 inflation was higher at 4.1 percent.The National Economic and Development Authority (Neda) said the March inflation rate is in line with the median analyst forecast of four […]
Yields on government debt climb on expectations of faster inflation
YIELDS on government securities (GS) went up across the board last week on expectations of faster inflation and potential rate hikes by various central banks. GS yields, which move opposite to prices, went up by an average of 5.54 basis points (bps) week on week, according to the PHP Bloomberg Valuation Service Reference Rates as […]