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Rates of Treasury bills likely to decline ahead of Q1 GDP data

BusinessWorld May 10, 2021 | 12:06 am BW FILE PHOTO THE RATES of Treasury bills (T-bills) on offer on Monday could decline further as investors await the release of first-quarter gross domestic product (GDP) data. The Bureau of the Treasury (BTr) is looking to raise P25 billion via its offering of T-bills on Monday, broken down into P5 billion from 91-day debt, P8 billion via the 182-day papers and P12 billion from the 364-day securities. T-bill yields could decline by 5 to 10 basis points (bps) from their week-ago levels, analysts said. “Expect bond yields to drift lower as expectations for GDP growth and inflation become more subdued with the lockdown taking its toll on business recovery forecasts,” Noel S. Reyes, first vice-president and chief investment officer at Security Bank Corp., said via Viber on Friday.

PNB board elects new Chairman, Vice Chairman and directors

Federico C. Pascual Pascual was first appointed as an independent director of the Bank in 2014 and currently serves as independent director of five of PNB’s subsidiaries and affiliate.  He is also a member of the Bureau of Customs’ Multi-Sectoral Governing Council and holds key leadership positions in various businesses. His past experiences include a 20-year stint at PNB as well as leadership roles in organizations such as Government Service Insurance System, National Reinsurance Corporation, Department of Trade and Industry, Philippine Stock Exchange, Cultural Center of the Philippines, Bankers Association of the Philippines, Philippine National Construction Corporation, and San Miguel Corporation.

Yields on gov t debt end mixed as lockdown stays

Yields on gov t debt end mixed as lockdown stays
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