Economy4 MIN READ
Is the Credit Suisse CoCo meltdown a cause for concern in Asia?
As global markets reel from the failures of SVB and Credit Suisse, investors are worried about the performance of their bank-issued securities and the likelihood of a contagion effect in Asia.
By Patty Membrebe Read More
Economy3 MIN READ
Japan CPI a distraction amid thickening global fog
March 24 (Reuters) - Asian markets round off the week with Japanese inflation and PMI data likely to be the main local drivers on Friday, offe...
By Reuters Read More
Economy3 MIN READ
What could China’s growth target mean for us?
China has set a conservative economic growth target for 2023 which signals a softer-than-expected rebound. Nonetheless, growth is still underway with spillover benefits for the Philippines.
By Ina Judith Calabio Read More
Currencies2 MIN READ
US recap: EUR/USD hit third highest 2023 peak as Fed pricing adjusted
March 23 (Reuters) - The dollar index was modestly lower in late trade on Thursday after recovering from earlier post-Fed losses that had push...
By Reuters Read More
Markets2 MIN READ
Gold climbs as Fed hints at rate-hike pause
March 23 (Reuters) - Gold prices extended gains to a second straight session on Thursday, boosted by a slide in Treasury yields after the US F...
By Reuters Read More
TODAY’S REPORT
March 24, 2023
The Gist
Your Morning Fix
- The Bangko Sentral ng Pilipinas (BSP) raised its policy rate by 25 basis points (bps) to 6.25% and said that it would be data-dependent on future monetary policy decisions.
- The BSP lowered its average inflation forecasts from 6.1% to 6% in 2023 and from 3.1% to 2.9% in 2024 due to easing inflation in February and a softer global growth outlook.
- US Treasury Secretary Janet Yellen told US lawmakers that regulators “would be prepared to take additional actions if warranted”, a day after her remarks against “blanket” deposit insurance rattled markets.
- US jobless claims fell by 1,000 to 191,000 in the week ending March 18, the second consecutive week of decline, hovering near historic lows and underscoring a still-tight job market.
The Gist
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Economy
5 MIN READ
Revisiting the collapse of Lehman Brothers
With what’s happening in the banking sector right now, some fear a Lehman-like fiasco waiting to happen. Here we re-examine what happened in 2008 and what lessons we learned.
Economy
4 MIN READ
Is the Credit Suisse CoCo meltdown a cause for concern in Asia?
As global markets reel from the failures of SVB and Credit Suisse, investors are worried about the performance of their bank-issued securities and the likelihood of a contagion effect in Asia.
Rates & Bonds
2 MIN READ
Peso GS Weekly: Expect yields to trade in the same range
Take advantage of selloffs to buy peso GS at higher yields.
Currencies
5 MIN READ
The US dollar isn’t out just yet
There’s still greater demand for US dollars and USD-denominated assets but could the recent US banking issues hold bank the greenback’s strength?
Economy
3 MIN READ
Is inflation decelerating?
The Philippines’ February inflation inched down, for the first time in six months. Is this a sign that inflation has already peaked?
Investment Tips
3 MIN READ
No 2008 redux: containing the Credit Suisse chaos
Before it was Main Street, now it’s Switzerland’s Paradeplatz. We are dealing with a crisis of confidence, not a debt crisis. For now, the forced sale of Credit Suisse has calmed the markets.
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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
4 MIN READ
What is the foreign exchange swap line?
Recently, top central banks revisited a tool in their tried-and-tested playbook called the foreign exchange swap line. Learn how it helps ensure that financial institutions run smoothly.
Key Points
- How do foreign exchange swap lines work?
- How did the Global Financial Crisis affect rates?
- What can we learn from history?
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Estate Planning: Building a Legacy for the Future
Watch this webinar to get a head start on estate planning. November 8, 2022
Outlook 2022: Recover. Restart. Rebalance.
Watch this episode of the Market Movers entitled “Outlook 2022: Recover. Restart. Rebalance. March 31, 2022
Diversify Across the Globe with the Metro$ World Equity Feeder Fund
Watch Metrobank’s exclusive webinar, Diversify Across the Globe with the Metro$ World Equity Feeder Fund, which highlights how you can diversify your portfolio and make your US dollars work for you. November 23, 2021Webinars
Strategy Updates
Strategy Update October 2022
This contains the strategy update of Metrobank as of October 6, 2022.
