
INSIGHTS
The Week Ahead (10/02/23). The local market remains cautious given the BSP governor’s hawkish rhetoric on a potential off-cycle rate hike ahead of the November 16 meeting and that an immediate RRR cut was not on the horizon. Consequently, secondary market yields across the curve have resumed their upward trend. Market was also preoccupied with the BTr’s latest Retail Dollar Bond offering, a 5.5Y paper priced at a coupon of 5.75%, which raised an initial $611.20M…
MARKET INFORMATION
October 2, 2023
PSEi
6,304.53 (-80.99 pts.)
Value Turnover
PHP3.64 B
Government Securities
PHP BVAL (-0.13 bps)
Trading Volume
PHP4.042 B
Foreign Exchange
Open: USD/PHP56.700
Close: USD/PHP56.5775

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