equity fund...

**Retz** · June 21st, 2013 09:24 AM

^

hirap talaga maintindihan ang stock market in a layman's point of view. kahit cguro mga financial analyst hindi rin nila alam yan kung kailan tataas at baba.

**uls** · June 21st, 2013 10:39 AM

Originally Posted by A121

hintay na lang sa mga bibitawang salita ni Ben Bernanke. ahahahaha

ilang percent ba interest rate sa us ngayon? tataas ba? lol

US 10 yr yield

**Monseratto** · June 21st, 2013 11:42 AM

Peso still falling against US $...

BDO selling rate= 44.35

http://www.abs-cbnnews.com/business/...against-dollar

MANILA -- The peso has breached the P44-level against the dollar on Friday, further weakening from an already 17-month-low finish on Thursday.

The local currency opened lower on Friday at P44 per dollar, from its P43.80 close on Thursday.

The peso, mirroring other Asian currencies, weakened on Thursday after the US Federal Reserve announced it would reduce stimulus due to an improving US economy.

US Fed Ben Bernanke's statement prompted investors to pull out of emerging markets and divert funds to the US.

As a result, such also prompted sell-offs in regional equity markets, including in the Philippines.

The Philippine Stock Exchange index on Friday lost 2.88% or 182.29 points to 6,144.38 as of 9:55 a.m. The broader all-shares index also fell 2.65% or 103.92 points to 3,815.73.

**uls** · June 21st, 2013 11:54 AM

selling peso-denominated assets convert pesos to dollars driving up the dollar

as the dollar strengthens more foreign-owned peso-denominated assets have to be sold quickly before the dollar goes even higher

so more selling of peso-denominated assets convert pesos to dollars driving the dollar even higher

--

if you're a local company who borrowed in dollars when USDPHP was at 40...

your business earns in pesos so now you need more pesos to buy dollars to pay back the loan

USD appreciation just made the loan more expensive to service

**Monseratto** · June 21st, 2013 12:04 PM

Originally Posted by uls

selling peso-denominated assets convert pesos to dollars driving up the dollar

as the dollar strengthens more foreign-owned peso-denominated assets have to be sold quickly before the dollar goes even higher

so more selling of peso-denominated assets convert pesos to dollars driving the dollar even higher

--

if you're a local company who borrowed in dollars when USDPHP was at 40...

your business earns in pesos so now you need more pesos to buy dollars to pay back the loan

USD appreciation just made the loan more expensive to service

There goes the price of fuel products...

**uls** · June 21st, 2013 12:07 PM

importers must be scrambling to buy dollars

driving the dollar even higher

**boybi** · June 22nd, 2013 12:46 AM

Originally Posted by uls

if you're a local company who borrowed in dollars when USDPHP was at 40...

your business earns in pesos so now you need more pesos to buy dollars to pay back the loan

USD appreciation just made the loan more expensive to service

I know of some who borrowed USD before the 1997 financial crisis. Almost got broke. They have to sell a lot of properties to pay the loans.

**boybi** · June 22nd, 2013 12:49 AM

Are ROP bonds good? Someone wants to sell me ROP bonds in USD. Guaranteed 5% dividend per annum, given every 6mos.

Maturity 24yrs from now, yield of around 120%.