Markets
PSEi undervalued but poised to climb, says broker
Broker Unicapital Securities Inc. has revised its year-end forecast for the Philippine Stock Exchange index (PSEi) to 7,100 points, down from a previous projection of 7,800, but still implying a 9 percent gain from the 2024 close of 6,528.
PSBank’s P5B bonds draw strong demand
Philippine Savings Bank (PSBank), the thrift banking unit of the Metrobank Group, successfully listed P5 billion worth of fixed-rate bonds on the Philippine Dealing & Exchange Corp. On Monday. This issuance represents the third tranche under the Bank’s P40 billion bond program.
Paramount Skydance inks USD7.7B UFC broadcast deal
Newly-formed media giant Paramount Skydance has agreed to pay USD7.7 billion to TKO Group Holdings for exclusive U.S. broadcast rights to Ultimate Fighting Championship (UFC) events over the next seven years, starting in 2026.
Treasury bill yields down amid rate expectations
Treasury bill yields declined at Monday’s auction as investors shifted focus back to short-term debt following the auction of five-year retail treasury bonds last week, and amid growing anticipation of potential monetary policy easing.
Gold surges amid US economic uncertainty, likely Fed rate cut
US economic uncertainty, stoked by President Donald Trumps tariff push, has bolstered gold prices close to record highs.
