what is the potential growth or recent development in the Philippine Financial SystemMarkets Bond Market (Local Currency Bond Market) Local currency (LCY) bonds issued by both the public and private. what is the potential growth or recent development in the Philippine Financial SystemMarkets Bond Market (Local Currency Bond Market) Local currency (LCY) bonds issued by both the public and private.what is the potential growth or recent development in the Philippine Financial SystemMarkets Bond Market (Local Currency Bond Market) Local currency (LCY) bonds issued by both the public and private.what is the potential growth or recent development in the Philippine Financial SystemMarkets Bond Market (Local Currency Bond Market) Local currency (LCY) bonds issued by both the public and private.what is the potential growth or recent development in the Philippine Financial SystemMarkets Bond Market (Local Currency Bond Market) Local currency (LCY) bonds issued by both the public and private.what is the potential growth or recent development in the Philippine Financial SystemMarkets Bond Market (Local Currency Bond Market) Local currency (LCY) bonds issued by both the public and private.what is the potential growth or recent development in the Philippine Financial SystemMarkets Bond Market (Local Currency Bond Market) Local currency (LCY) bonds issued by both the public and private.what is the potential growth or recent development in the Philippine Financial SystemMarkets Bond Market (Local Currency Bond Market) Local currency (LCY) bonds issued by both the public and private.
what is the potential growth or recent development in the Philippine Financial System/Markets Bond Market (Local Currency Bond Market) -Local currency (LCY) bonds issued by both the public and private sectors amounted to P817.9 billion in the first quarter of 2020 This was more than the P346.4 billion registered in the previous quarter and 24.5 percent higher than the P657.2 billion recorded in the same period last year Moreover, LCY(Local currency) bond issuances of the public sector increase The National Government (NG) -issued Treasury bills (T-bills), fixed-rate Treasury bonds (T-bonds) and retail Treasury bonds (RTBs) reached a total of P670.0 billion, an increase by 212.1 percent from the comparable Q4 2019 level The increase in government issuances reflected the need for the NG to (1) finance expenditures authorized in its annual appropriation and (2) help counter the impact of the COVID-19 outbreak in the country Similarly, the private sector issuance of LCY bonds amounted to P147.9 billion, 12.3 percent higher than that in the previous quarter and 154.0 percent higher than the amount in the previous year Local firms tapped the bond market as they took advantage of the relatively low interest rate environment due to the policy rate cuts and enhanced liquidity measures implemented by the BSP Primary Market -In the primary auctions conducted for both T-bills and T-bonds, the NG offered a total of P562.2 billion short- and long-term debt securities Demand was robust as total tenders were oversubscribed by about 1.8 times The market showed preference for short-term dated debt securities as tenders for T-bills reached P599.8 billion as against the NG’s offering of P278.2 billion Such tenders were higher than the tenders for T-bonds, which reached P438.3 billion against the P284.0 billion offering Relatively higher demand for short-term debt indicates investors’ risk-averse attitude amid the uncertain and challenging market environment Secondary Market - Trading of both government and private corporate bonds in the secondary market increased by 84.4 percent to P1,757.5 billion in the review quarter from P953.0 billion in the previous quarter Similarly, on a y-o-y basis, trading in the secondary market also increased by 45.8 percent Foreign Currency Bond Market - During the quarter, the government issued in the offshore market €$1.2 billion worth of new 3year and 9-year global bonds to support its budgetary needs The National Government took advantage of the strong demand and relatively lower rates from European investors -As we recognize uncertainties, we are also fully aware of the potential impact of climate and environment-related risks to the local and global economy The BSP, have incorporated climate and disaster-related data in monetary policy analysis forecasting, monitoring, and risk assessment Moreover, the BSP issued various regulations on corporate and risk governance, including stress testing as well as regulatory reliefs provided to banks affected by natural calamities At the same time, the BSP, together with the Department of Finance, co-chairs a newly formed inter-agency task force that is mandated to facilitate green finance initiatives -With regard to financial learning, BSP's partnerships with the Department of Education, the Overseas Workers Welfare Administration, the Armed Forces of the Philippines, and the Civil Service Commission, among others, allow the BSP to reach broader and more diverse audiences In many of these partnerships, BSP are also working with the private sector in customizing our programs to the needs of our stakeholders ... Commission, among others, allow the BSP to reach broader and more diverse audiences In many of these partnerships, BSP are also working with the private sector in customizing our programs to the