MNI BRIEF: China Visitor Mobile Payments Surge in H1

MNI China Daily Summary: Friday, July 26

MNI BRIEF: Foreign Firms Content In China

MNI BRIEF: Turkish Inflation Expectations Steady- TEBA

MNI China Press Digest July 26: Deposit Rates, Fiscal, PBOC

MNI: PBOC Net Injects CNY299.05 Bln via OMO Fri

MNI: BAKER HUGHES US RIG COUNT 589; OIL RIGS 482; GAS RIGS 101

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT FINAL JUL INDEX 66.4

EZ/UK Bond Supply Calendar: BoE Short APF Operation on Monday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

PHILIP Sovs Curve Little Changed, BoP Surplus

PHILIPPINES
  • The PHILIP curve is little changed today, yields are 1-3bps with the belly of the curve selling off a touch, the 2Y yield in unchanged at 5.085%, 5Y yield is 2bps higher at 5.32%, 10Y yield is 1bps higher 5.42%, while 5yr CDS spiked earlier on new of Missiles hitting Iran we hit a high of 73bps and now trade 4bps higher for the day at 69bps.
  • The Philip to US Treasury spread difference is little changed in the front-end while the long-end widen with the 2y is 16bps (unchanged), the 5yr is 73bps (+4bps), while the 10yr is 87bps (+4bp).
  • Cross-asset moves: the USD/PHP is up 0.60% at 57.545 and now the weakest level since Nov 2022, PSEi Index is up 1.54%, while US Tsys yields are 5-9bps lower.
  • In March, the Philippines recorded a balance of payments surplus of $1.17 billion, a turnaround from the $196 million deficit in February, as reported by the Bangko Sentral ng Pilipinas. The balance of payments surplus for January to March amounted to $238 million, contrasting with the $3.453 billion surplus reported a year earlier.
  • Looking Ahead, Balance Of Payments Overall on Friday
EM BulletHomepagemarkets-real-timeBulletEmerging Market News

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.