GS yield in the secondary market went down by an average of 1.85 bps week on week, according to the PHP Bloomberg Valuation Service Reference Rates as of Dec. 16 published on the Philippine Dealing System’s website.
“The main focus [last] week was on the projected 50-bp hikes of the US Fed as well as the BSP and the corresponding statements that accompanied both meetings,” a bond trader said in a text message. “Yields initially rallied to start the week on client demand and with the canceled bills and bond auctions, but the statements of both central banks that tightening will likely continue grounded expectations somewhat and yields closed lower but off the lows.
“PHP BVAL yields eased further week on week, though slightly, after the lower-/better-than-expected US inflation at 7.1%, new 11-month lows or since November 2021 and further down from the new 40-year high of 9.1% in June 2022,” Mr. Ricafort said in a Viber message.
Loans Loans Latest News, Loans Loans Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: bworldph - 🏆 9. / 68 Read more »