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Rates & Bonds
2 MIN READ
Peso GS Weekly: Best value at the belly
Activity remains concentrated in medium-term bonds after BSP’s rate pause.
February 17, 2025
By Metrobank Local Currency Trading Department and Maria Christina Virtudazo
By Metrobank Local Currency Trading Department and Maria Christina Virtudazo
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What happened last week?
The local government securities (GS) opened last week with two-way trading despite the upward move in global yields. Buying interest emerged, particularly in the medium-term bonds. Elsewhere, the Bureau of the Treasury (BTr) concluded its weekly Treasury bill auction with average yields rising by 2.7 to 8.5 basis points (bps) week-on-week.