Peso bond market growth slows in Q2 - BusinessWorld Online

  • 📰 bworldph
  • ⏱ Reading Time:
  • 49 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 68%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

The growth of the peso bond market slowed to 2.4% from a quarter earlier to P10.68 billion in the three months to June, following reflecting a corresponding slowdown in government and corporate bond issues, the Asian Development Bank (ADB) said. READ:

According to the September issue of the ADB’s Asia Bond Monitor, growth in bond issues slowed from 6.5% in the first quarter.

“The slower growth stemmed from a contraction in the stock of Treasury bills and a slower expansion in the stock of Treasury bonds. On the other hand, growth in the central bank bond stock moderated, while the stock of other government bonds posted strong growth during the review period,” the ADB said.

Outstanding bills issued by the central bank totaled P567 billion, up 38.3% from a quarter earlier and up 41.8% from a year earlier. According to the ADB, this was due to higher borrowing costs, as well as “uncertainties in the Philippine economic outlook and policy direction.” The ADB said bond yields in the Philippines and in emerging East Asia region have been fluctuating according to the monetary authorities’ rate adjustments in reaction to inflation.

Fed Chairman Jerome H. Powell last week said the US central bank is “strongly committed” to fighting inflation and needs to continue acting aggressively to bring prices down.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 9. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

SB Finance, FWD Insurance to offer credit life plan as add-on to loan - BusinessMirrorSB Finance Co. Inc. and FWD Life Insurance Corp. have entered into a partnership agreement to offer group credit life insurance as a voluntary add-on to applicants of the bank’s personal loan. The insurance offers a minimum coverage from P10,000 to P2 million, providing borrowers of SB Finance with financial security and protection whenever they
Källa: BusinessMirror - 🏆 19. / 59 Läs mer »