Yields on gov’t debt end flat on BSP rate bets
YIELDS ON government securities (GS) traded at the secondary market remained flat last week amid mixed expectations on whether the central bank will cut rates or not as the November inflation print picked up last week.
Debt yields went down at an average 3.3 basis points (bps) week on week, according to PHP Bloomberg Valuation (BVAL) Service Reference Rates published on the Philippine Dealing System’s website on Dec. 6.?Read More
Peso may strengthen on trade data, BSP decision
THE PESO may strengthen this week as the market awaits the release of local trade data as well as the possibility of a final round of easing at the central bank’s last policy meeting for this year, which happens this week.
The local unit closed at P50.765 against the greenback on Friday, gaining 3.5 centavos from the P50.80 per dollar finish on Thursday, according to data from the Bankers Association of the Philippines.?READ MORE
TECHNICAL ANALYSIS – PSEI
- PSEi is forming a Bullish flag and we are very optimistic of the Philippines economy
- But we stay cautious due to “Bearish Head & Shoulder” formation
- Support is firm and resilient for now
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