March 27, 2023
Following a surprise visit by US President Joe Biden last week, US Treasury Secretary Janet Yellen visited Kyiv on Monday as part of a mission to provide economic support to Ukraine. The United States is sending additional financial assistance to Kyiv – almost 1 billion euros. Washington has proven to be a key financial and
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The national government is on the move after it successfully raised 35 billion pesos in a treasury bond (treasury bond) auction for the seventh consecutive time. The Bureau of the Treasury Auction Committee awarded the Treasuries in full because investor interest rates were well below the secondary market benchmark. The reissued 10-year Treasury bonds received
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The national government successfully raised 283.711 billion pesos in a week-long tender for 5.5-year retail treasury bonds (RTB), according to the Bureau of the Treasury. The amount borrowed by the national government in the domestic debt market exceeded the target of 30 billion pesos for the 29th RTB tranche by more than nine times. “We
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OUR Clark International Airport Corporation (CIAC) announced last Monday that it has paid dividends to the national treasury and paid off all of its bank loans. The statement quoted CIAC Acting Director Darwin L. Cunanan as saying the Unregistered Public Corporation (GOCC) has been able to transfer about 369 million pesos in dividends to the
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European equities tumbled and US Treasury yields rose early Friday as robust economic data and hawkish comments from officials fueled fears that the Federal Reserve will keep interest rates high to fight inflation. The pan-European Stoxx 600 index fell 1 percent, while the German Dax index fell 1.1 percent. The French Cac 40 also lost
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CBO released its Budget and economic outlook, 2023-2033 yesterday. The forecast, based on data available as of January 6, shows a slight decline in GDP in the first and second quarters of 2023. Picture 1: Reported GDP (bold black), CBO forecast (blue), SPF median forecast (red), IMF WEO forecast (sky blue), 2/16 GDPNow (green triangle),
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The Bureau of the Treasury on Monday held a full placement of treasury bills at auction, raising the programmed 15 billion pesos. Offers on 91-, 182- and 364-day notes amounted to 37.8 billion pesos, as a result of which the auction exceeded the subscription by 2.5 times. All tenor bonds received average rates lower than
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According to the Bureau of the Treasury (BTr), the national government fully accepted the bids and raised 15 billion pesos in an auction of treasury bills (treasury bills) on Monday. The Treasury noted that Monday’s auction was 2.5 times oversubscribed, with total bids reaching 37.8 billion pesos. “[There was a] good result with scores lower
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CNN — Is the Ford Mustang Mach-E an SUV? How about the Tesla Model Y? Depending on which branch of the US government you ask, the answer may be “Yes”, “No”, or “It depends”. Now with new rules for electric car tax breaks in place, this response could mean thousands of dollars for some car
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New York CNN — The White House is considering replacing chief economist Brian Deese with a number of senior federal government officials, including Federal Reserve Vice Chairman Lael Brainard and Deputy Treasury Secretary Wally Adeyemo, a person familiar with the matter told CNN Wednesday. The process of replacing Diz as head of the powerful National
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