Rates & Bonds

Market players focus on the front-end to belly of the curve while awaiting catalysts

Participants show better buying interest in medium-term bonds, while some took profit on long-dated bonds.

Players began picking tops ahead of potential BSP easing, some took profit before US NFP release

A drop in global yields and the USD/PHP exchange rate encouraged more buying activity in the local GS market.

A weakening peso and rising tensions in Russia-Ukraine led to participants becoming better sellers.

Players repositioned in 5- to 10-Year bonds at elevated levels on rising US Treasuries, inflation worries

With the US presidential elections concluded, profit-takers may see opportunities to sell now at lower yields

The US presidential election continues to stir market volatility.

While the rise in global yields and the USD/PHP exchange rate kept risk sentiment weak, some players see opportunity to load up on government securities at current levels.