Peso slips on rate hike bets

THE PESO inched down against the dollar on Tuesday on lingering concerns over the pace of the US Federal Reserve’s policy tightening and surging coronavirus disease 2019 (COVID-19) cases in China. The local unit ended trading at P57.375 versus the greenback, slipping by 1.5 centavos from its P57.36-to-a-dollar close on Monday, data from the Bankers […]

Peso declines on Fed worries

THE PESO ended weaker against the dollar on Monday following hawkish signals from the US central bank, and as renewed coronavirus worries spurred safe-haven demand. The local unit closed at P57.36 versus the dollar on Monday, down by 10 centavos from its P57.26 finish on Friday, data from the Bankers Association of the Philippines’ website […]

Treasury fully awards reissued bonds

THE GOVERNMENT fully awarded the reissued 10-year Treasury bonds (T-bonds) it auctioned off on Tuesday at a lower average rate amid robust demand, which led it to open its tap facility. The Bureau of the Treasury (BTr) raised P35 billion as planned from its offer of reissued 10-year securities that have a remaining life of […]

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 […]