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Peso rises as RTB sale ends | BusinessWorld


BusinessWorld
March 5, 2021 | 6:57 pm
THE PESO climbed against the greenback on Friday following the end of the government’s retail Treasury bond (RTB) offering the day prior.
The local unit closed at P48.56 per dollar on Friday, gaining six centavos from its Thursday finish of P48.62. It also appreciated by three centavos from its P48.59-per-dollar close on Feb. 26.
The peso opened Friday’s session at P48.66 a dollar. Its weakest showing was at P48.67 while its intraday best was at P48.525 against the greenback.
Dollars traded increased to $933.45 million on Friday from $817.23 million on Thursday.
The peso strengthened after the closure of the RTB offering, Rizal Commercial Banking Corp. Chief Economist Michael L. Ricafort said in a text message. ....

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Yields on gov't debt rise on inflation


BusinessWorld
February 15, 2021 | 12:01 am
YIELD TRACKER
YIELDS ON government securities (GS) went up last week as inflation continued to pick up to reach a two-year high in January.
GS yields, which move opposite to prices, rose by a week-on-week average of 6.13 basis points (bps), based on the BVAL Reference Rates published on the Philippine Dealing System’s website as of Feb. 11.
Financial markets were closed on Friday in observance of Chinese New Year.
Yields on benchmark tenors increased on Thursday from their Feb. 5 finish, except for those on the 91- and 182-day Treasury bills (T-bills), which declined by 6.64 bps and 5.55 bps, respectively, to 0.9744% and 1.1489%. ....

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