March 15, 2021 | 12:01 am Font Size
YIELD TRACKER
BETS OF faster inflation in the near term as food costs continued to increase pushed yields on government securities (GS) to soar last week.
GS yields, which move opposite to prices, went up across the board last week, increasing by an average of 29.99 basis points (bps) week on week, based on the PHP Bloomberg Valuation Service Reference Rates as of March 12 published on the Philippine Dealing Systemâs website.
Yields on the 91-, 182- and 364-day Treasury bills rose by 15.63 bps, 14.63 bps, and 17.06 bps, respectively, to 1.2379%, 1.3413%, and 1.854% on Friday from their week-ago levels.
At the belly, the rates of two-, three-, four-, five-, and seven-year Treasury bonds (T-bonds) jumped by 28.24 bps, 39.03 bps, 43.79 bps, 44.78 bps, and 39.66 bps, respectively, to 2.4674%, 2.8768%, 3.1865%, 3.4489%, and 3.8755%.
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Mindanao Bureau Chief
DAVAO CITY â Legislation declaring the Davao region the cacao and chocolate capital of the Philippines has provoked opposition from other cacao growing regions, who instead proposed more inclusive branding declaring the Philippines as the country of origin for exports.
Val D. Turtur, president of the Cacao Industry Development Association of Mindanao, Inc. and former chair of the Philippine Cacao Industry Council (PCIC), said the approval of Senate Bill (SB) No. 1741 âwill get the attention of the international community that the National Government is supportive of the cacao industry,â while gaining the regionâs farmers some leverage on pricing.
March 15, 2021 | 12:04 am Font Size
BW FILE PHOTO
YIELDS on Treasury bills (T-bills) on offer on Monday will likely increase further on concerns over rising coronavirus cases in the country, as this could lead investors to flock to safe havens.
The Bureau of the Treasury (BTr) wants to borrow P20 billion via its offering of T-bills on Monday, broken down into P5 billion each via the 91-day and 182-day debt papers and P10 billion from the 364-day instruments.
A bond trader expects T-bill rates to inch up by five basis points (bps) from the previous auction, while a second trader sees yields rising by 10-15 bps.
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