FIRST METRO IS FINANCEASIA’S 2023 BEST INVESTMENT BANK & BEST ECM HOUSE IN THE PHILIPPINES

INSIGHTS

The Week Ahead (5/27/24). Secondary market yields rose after a series of hawkish statements from the US central bank, reinforcing the higher-for-longer interest rate environment. Despite expressing optimism about improving inflationary pressures moving forward, Fed officials again heightened speculation that a policy rate cut will be delayed until later in the year. …

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MARKET INFORMATION

May 30, 2024

PSEi

6,371.75 (-39.66 pts.)

Value Turnover

PHP5.06 B

Government Securities

PHP BVAL (+0.77 bps)

Trading Volume

PHP13.655 B

Foreign Exchange

Open: USD/PHP58.500

Close: USD/PHP58.635

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