Category: Markets
Peso GS Weekly: Yields of government securities to remain steady
The market is likely to be supported by the incoming liquidity from the Retail Treasury Bonds (RTB) 3-11 and R5-12 maturities this week.
Read this content. Log in or sign up.
If you are an investor with us, log in first to your Metrobank Wealth Manager account.
If you are not yet a client, we can help you by clicking the SIGN UP button.
WHAT HAPPENED LAST WEEK
The peso government securities (GS) market initially traded within a tight range despite some retracement lower in US yields, as most players stayed on the sidelines ahead of the key data release.
With the February domestic inflation data printing faster at 3.4% vs. the 3.0% estimate, selling activity was seen in 9-10-year bonds as they were sold up to 6.30%, while Retail Treasury Bonds (5-18) (5Y) continued to trade close to its coupon of 6.25%.
Elsewhere, the Bureau of the Treasury (BTr) fully awarded the reissuance of Fixed Rate Treasury Note (FXTN) 7-71 (7Y) at an average of 6.27% and a high of 6.345%, with the bid-to-cover ratio only reaching 1.67x.
Towards the latter part of the week, bottom-fishing interest eventually emerged as some players look to scale-in
Read More Articles About:
The Radar Report: Extend duration amid rate cut expectations
Should you go for shorter-term bonds now that expectations of rate cuts are pretty strong? Our analysis shows that longer-term bonds are still better.
Fatal error: Cannot redeclare printTruncated() (previously declared in /home/ubuntu/wealthinsights.metrobank.com.ph/web/app/themes/mb-wealth-insights/template-parts/sections/article_details.php:18) in /home/ubuntu/wealthinsights.metrobank.com.ph/web/app/themes/mb-wealth-insights/template-parts/sections/article_details.php on line 18