DOWNLOAD
Peso GS Weekly: Key rates may be unchanged for now
We expect the Bangko Sentral ng Pilipinas (BSP) to keep key rates unchanged at its February 15 Monetary Board meeting but may also take into account significant changes in the GDP figures in its succeeding monetary policy decisions.
By Geraldine Wambangco
Access this content:
If you are an existing investor, log in first to your Metrobank Wealth Manager account.
If you wish to start your wealth journey with us, click the “How To Sign Up” button.
WHAT HAPPENED LAST WEEK
Last week, the peso government securities (GS) market players saw the same factors that affected the price movement of peso GS.
Yields of peso GS trade initially traded within a tight range until the Bureau of the Treasury (BTr) awarded the new 10-year benchmark bond, Fixed Rate Treasury Note (FXTN) 10-72, at the coupon rate of 6.25%. Similar to the 7-year Dutch auction, total tendered bids reached over PHP 100 billion. This prompted the BTr to open its TAP facility for another PHP 5 billion which was later on fully awarded.
Buying interest was imminent but US yields inching higher due to the jam-packed economic data releases caused players to stay on the sidelines mid-week.
Before the week ended, stronger demand was seen with buying interest concentrated in 5-10-ye
Read More Articles About: