Anticipation of further monetary easing later this week kept Treasury bill yields on a downward path at Monday’s auction, as investors piled into short-dated government debt.
The Philippine Stock Exchange index (PSEi) slid 1.3 percent to 6,384.58, extending profit-taking for a second session after touching seven- to nine-month highs. Even so, the benchmark remains comfortably above the 6,000 mark, keeping the broader uptrend intact and suggesting the pullback is more consolidation than reversal.
Expectations of further easing by the Bangko Sentral ng Pilipinas are rippling through the debt market, pushing treasury bill yields lower and fueling strong demand at the latest auction.
Treasury bill yields continued to ease at Monday’s auction as investors positioned for a possible shift toward monetary easing by the Bangko Sentral ng Pilipinas (BSP) amid weakening economic momentum.
Metropolitan Bank & Trust Co., the country’s 3rd largest lender by assets, has raised P35 billion from its largest peso-denominated bond issuance to date, underscoring strong investor appetite for sustainability-linked instruments despite evolving market conditions.
Emperador Inc., the liquor producing venture of tycoon Andrew Tan, is tapping sustainable finance markets as it refinances existing debt, signaling a growing shift among Philippine firms toward linking funding strategies with environmental targets.
LG Electronics announced that its WashTower all-in-one laundry unit has surpassed 3.2 million units in global sales since its launch in 2020. The product, which combines a washer and dryer in a single space-saving design, is now available in 77 countries.
Alibaba has introduced Qwen3.6-Plus, the newest version of its flagship artificial intelligence model, with major upgrades in autonomous coding and multimodal reasoning.