(Bloomberg) -- Philippine bonds fell, the biggest
fluctuation of any government debt market today, on speculation
the nation will allow borrowing costs to rise after accepting
higher bids at an auction yesterday.
Five-year bond yields rose the most in more than a year
after the Bureau of the Treasury yesterday accepted bids as high
as 7.049 percent for four-year debt, exceeding yesterday's yield
in secondary market trading. Economic Planning Secretary Romulo
Neri said the budget deficit may reach 100 billion pesos ($2.2
billion) this year.
Read more at Bloomberg Bonds News
fluctuation of any government debt market today, on speculation
the nation will allow borrowing costs to rise after accepting
higher bids at an auction yesterday.
Five-year bond yields rose the most in more than a year
after the Bureau of the Treasury yesterday accepted bids as high
as 7.049 percent for four-year debt, exceeding yesterday's yield
in secondary market trading. Economic Planning Secretary Romulo
Neri said the budget deficit may reach 100 billion pesos ($2.2
billion) this year.
Read more at Bloomberg Bonds News
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