With inflation cooling and growth concerns heating up, the BSP looks set to cut rates sooner than was previously thought.
Yield curve may show some steepening, with players aggressively pricing in cuts by the central bank.
July 23, 2024With a paucity of catalysts this week, expect players to track global bonds for direction.
July 16, 2024With the recent comments of the central bank about starting the easing cycle soon, buying interest will continue. We recommend taking profits on long-dated bonds and switching to 5- to 7-year bonds.
July 9, 2024We continue to recommend selling on rallies to lock in profits following the significant move lower in GS yields last week.
July 3, 2024The median projection of the US Fed is just one 25-basis-point cut for 2024. The Bangko Sentral ng Pilipinas is likely to follow this pace.
June 13, 2024Investors will be closely monitoring the US inflation print and the US Fed’s policy rate decision this week. We continue to recommend loading up on long-term government securities through the upcoming auctions of the Bureau of the Treasury.
June 11, 2024There are supply risks ahead of the upcoming auctions of the BTR for long-term government securities.
June 5, 2024It is wise to take profit now and accumulate longer-dated bonds in the next auctions of the Bureau of the Treasury.
May 30, 2024For those with longer-term bonds, it is a good time to take profits ahead of the treasury’s auctions for the remainder of the second quarter.
May 23, 2024