Treasury bill yields rose across all tenors at Tuesday’s auction as investors demanded higher returns amid mounting inflation concerns and expectations that the Bangko Sentral ng Pilipinas (BSP) may have to tighten monetary policy further.
Yields on shorter-dated Philippine Treasury bills climbed at Monday’s auction as investors positioned for a possible further monetary tightening by the Bangko Sentral ng Pilipinas (BSP) later this week.
Philippine inflation surged to 7.2 percent in September, matching the pace in April, which is the fastest rate in three-and-a-half years and putting the Bangko Sentral ng Pilipinas under renewed pressure to tighten monetary policy.
The US Federal Reserve raised interest rates Wednesday for the first time since 2023, lifting its benchmark rate by 25 basis points to 3.75 percent to 4 percent as policymakers moved to counter persistent inflation.
Treasury bill yields climbed across all maturities at Monday’s auction as investors priced in the Bangko Sentral ng Pilipinas’ recent rate hike and the prospect of further monetary tightening amid an elevated inflation outlook.
Plants cannot complain when the heat gets unbearable or water becomes scarce. But they do send out distress signals, and scientists have developed a tiny sensor that could help farmers detect them before crops show visible signs of damage.
Travelers planning a Visayas holiday can now map out multi-island trips based on the number of days they have, with a new website bringing destination guides, personalized itineraries and booking services under one digital roof.
Not every sporting achievement needs a stadium full of spectators, a television audience running into the millions, or a superstar whose face sells everything from sneakers to soft drinks. Sometimes, all it takes is a patch of sand, two determined athletes, and a crowd that knows exactly what is at stake.
Brazilian aerospace manufacturer Embraer sees defense and aircraft sales as a potential springboard for long-term industrial cooperation with the Philippines, with opportunities extending beyond equipment purchases to maintenance, training and technology transfer.