Treasury bills and bonds led the Philippine local currency (LCY) bond market to grow at a “robust” year-on-year rate (y-o-y) of 12.5 percent as of the third quarter of the year, according to the quarterly Asia Bond Monitor from the Asian Development Bank (ADB).
Total LCY bonds amounted to P4.3 trillion ($98 billion) at end-September, increasing 3.6 percent from P4.1 trillion at end-June.
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