PH bond yields up despite weak global economy

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THE Philippines is one of the two economies in Emerging Asia that posted growth in bond yields between March 1 and May 15 against a backdrop of a weak world economy, the Asian Development Bank (ADB) said on Friday.

The other country where bond yields “generally picked up” is China, the Manila-based multilateral lender said in its latest “Asia Bond Monitor” report.

During the period, local currency (LCY) government bond yields in the Philippines rose for the 0.25-, 0.5-, 1-, 2-, 10-, and 25-year tenors and fell for the 3-, 4-, 5-, 7-, and 20-year tenors. MAYVELIN U. CARABALLO

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