Desire for PHL ties remains strong despite concerns over fraud – nat’l boss
The Bureau of the Treasury (BTR) said the appetite for Philippine Securities Securities (GS) remained strong, as the capital markets witnessed volatility due to concerns arising from the alleged fraud of the State’s infrastructure.
“The GS market is actually rallying while the stock market is down. The GS market is very strong, so our spreads are still very tight,” our influencer Sharon P. Almanza told reporters at the November 26 events.
“Our domestic distribution curve vis-à-vis US Sersies and our rop (Republic of the Philippines) is still very strong. Our CDs (CDShoke Defapte Swache.
Mrs. Almaza said that they do not expect to be complicated by the sentiments of investment in material things in the release of the Philippine government.
“I think the investigation has progressed. So, we hope that will address some of the issues of people, of our investors.”
The government raised P2.08 trillion in domestic resources as of November 24, close to the P2.11 trillion plan, the Department of Finance said. Its sovereign debt and bond auctions have been oversubscribed, leading to a sharp decline in yields, and its commodity issuances have once again seen strong demand.
Based on the 2026 budget for spending and financial resources, the government plans to borrow P2.6 trillion this year, and they will mostly be raised from domestic sources to reduce foreign exchange risks. This will increase to P2.68 Trillion next year.
Analysts say investors have seen government debt as a safer asset compared to stocks during times of stress.
“(There is) more market appetite for safe money or even government security amid the government volatility in the local stock market in recent months,” Rizal Commerce Banking Corp. Ricafort said in a viber message on Friday.
“We could see strong demand in the short term as investors see bonds as a safer way to invest money than equities, [and] And as investors see the determination of the rate that is happening, which can cause them to meet and bond to lock money, “OKikonomia Advisory and research, incration, economist, said Reinillet Math M. Erece.
The swelling of graft that hurts the corruption linked to the government’s flood control activities has affected the prospects of the Philippine economy as it has hit public and household confidence due to the low 4% growth of the product in the low 4% in the third quarter. This brought the nine-month average to 5%, setting the Government’s target of 5.5-6.5% which is continuing.
Economic managers said that the growth target could be a challenge to reach, but stressed that they expect the money made by the workers to use the management problems.
Softening growth outlook and weak sentiment also caused the bangko sentral ng Pilipinas (BSP) to become more Dovish. In October, it brought the fourth straight point-25 points, and saw the need for a policy of accommodation to help stimulate the economy due to the scandal of fraud. It also signed off on limiting the cuts until next year.
As confusion continues to creep in, domestic markets have taken turns. The Bellother Philippini Philippine Stock Exchange Sernery earlier this month headed for a five-year high as it fell to the 5,600 level, and returned to the 6,000 mark this week after this line since late October since late October since late October since late October since late October since late October since late October since late October since late October since late October since late October.
Meanwhile, the Peso posted a new record low of P59.17 to the dollar on November 12 and has been trading at P58 at the level of P59 for the past two months, with uncertainty regarding the monetary policy of the Federal Reserve Gojectory also adding to its slide. – Aubrey rose a. with a baby
