Currencies2 MIN READ
Forecast updates: Dollar-peso exchange rate likely to be lower
The US Fed hiked rates by 25 basis points, inflation is on a downward trajectory, the markets have priced in less aggressive moves by the Fed. Where will we see the peso going now?
By Metrobank Research Read More
Currencies3 MIN READ
Dollar perks up as traders await US jobs numbers
LONDON, Feb 3 (Reuters) - The dollar rose slightly on Friday, sustaining some momentum after jumping in the previous session following a raft ...
By Reuters Read More
Rates & Bonds2 MIN READ
Peso GS Weekly: Expect the auction to garner strong interest
There is still healthy appetite for the 13-year tenor bucket. We foresee selling interest to be met by bottom fishing as other investors bet on price recovery. See our top picks for this week.
By Government Securities Trading Department Read More
Markets3 MIN READ
Oil stable as market awaits signs of China demand recovery
SINGAPORE, Feb 3 (Reuters) - Oil prices were little changed on Friday, with major benchmarks headed for their second straight week of losses, ...
By Reuters Read More
TODAY’S REPORT
February 3, 2023
The Gist
Your Morning Fix
- The Nasdaq jumped 3%, getting an additional boost from a 23.28% surge in Facebook parent Meta Platforms Inc., its biggest daily percentage jump since July 2013. Meta reported fourth-quarter revenue that topped estimates and announced a USD 40-billion stock buyback.
- Overnight, the dollar bounced as the euro and sterling weakened after the Bank of England (BoE) and the European Central Bank (ECB) raised rates by 50 basis points (bps) but hinted that their tightening cycles may soon be drawing to a close.
- The number of Americans filing new claims for unemployment benefits dropped to a nine-month low last week as the labor market remained resilient despite higher borrowing costs, fueling cautious optimism that the US economy could evade a recession.
- The Philippines’ total outstanding debt reached PHP 13.42 trillion in 2022, while its debt-to-GDP ratio improved to 60.9% from 63.7% in the third quarter of 2022 due to faster-than-anticipated economic growth.
- The USD/PHP exchange rate closed at 53.845 yesterday, the strongest finish for the peso in more than seven months, as the market interpreted the recent Fed rhetoric as less hawkish due to easing US inflation despite hints of further policy rate hikes.
The Gist
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Rates & Bonds
4 MIN READ
Buying levels to consider for your bond portfolio in 2023
We have previously outlined a few reasons why peso bond yields have room to trade lower. Here we have identified buying levels for bonds when restructuring your portfolio.
Currencies
2 MIN READ
Forecast updates: Dollar-peso exchange rate likely to be lower
The US Fed hiked rates by 25 basis points, inflation is on a downward trajectory, the markets have priced in less aggressive moves by the Fed. Where will we see the peso going now?
Rates & Bonds
2 MIN READ
Peso GS Weekly: Expect the auction to garner strong interest
There is still healthy appetite for the 13-year tenor bucket. We foresee selling interest to be met by bottom fishing as other investors bet on price recovery. See our top picks for this week.
Economy
3 MIN READ
2022 GDP: Where did growth come from?
Private consumption, driven by the unleashing of pent-up demand, have accelerated growth last year, among others. Challenges, however, remain.
Equities
4 MIN READ
Stock Market Weekly: Heightened trading activity due to PSEi rebalancing
Aside from the effects of the PSEi rebalancing, investors will be keeping an eye on oil price hikes, the interest rate decision of the US Fed, and US economic data releases this week.
Rates & Bonds
3 MIN READ
Peso GS Weekly: Sell-offs may remain subdued
Local bond yields were lower last week. These seven bonds may help you structure your portfolio as we welcome February in a few days.
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Money Sense
Investment Tips1 MIN READ
Portfolio Management: Balancing short-term and long-term through laddering
Short-term and long-term investments have their advantages and limitations. How do you get the best of both worlds?
Investment Tips2 MIN READ
Got a time horizon of 3 to 5 years? Here’s what to do with your money
Knowing where to put your money is not a one-size-fits-all endeavor. However, Fernand “Toto” Tansingco, head of Metrobank’s financial markets sector, said understanding time-tested principles and having a long-term outlook can help.
Investment Tips3 MIN READ
Asia Credit: Four lessons learned in 2022
It may be time to recalibrate your bond portfolio. CreditSights, an award-winning global credit research provider, recently shared with our high-net-worth clients four things they learned and where to look for bonds to invest in.
Investment Tips4 MIN READ
What do you do with your portfolio when inflation is soaring?
There are a few things you can do to preserve your wealth in these times: Be patient. Don’t panic. Consider your time horizon
Investment Tips3 MIN READ
Which financial asset is suitable for you?
From savings accounts and bonds to UITFs and derivatives, there are options for specific types of investors.
Explainer Articles
Explainer
3 MIN READ
How important are Gross International Reserves?
In a world order predicated on economic interdependence, the gross international reserves of a country determine how well it can keep its economy humming.
Key Points
- What are Gross International Reserves (GIR)?
- What are the uses and purposes of GIR?
- Is there an ideal GIR level that the BSP must maintain?
- What is the currency composition of the country’s GIR?
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Strategy Updates
Strategy Update October 2022
This contains the strategy update of Metrobank as of October 6, 2022.
