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Article: P/$ rate closes at P45.95/$ 1.(News In Brief)
- Article from:
- Manila Bulletin
- Article date:
- July 11, 2007
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The peso exchange rate closed higher at P45.95 to the US dollar yesterday at the Philippine Dealing & Exchange Corp., (PDEx) from P46.000 the previous day. The weighted average rate appreciated to P45.942 from P46.034. Total volume amounted to $ 430.5 millio.
5-yr T-bond fetches 6.965%
The Bureau of Treasury reissued a benchmark treasury bond due March 3, 2011 to yield 6.965 percent at an auction yesterday, in line with market expectations for a yield between 6.85 percent and 7.00 percent. The benchmark bond, originally issued as five-year paper with a coupon of 8.5 percent, was last auctioned in June. The bond would have yielded 6.749 percent in that ...