Rates & Bonds

Local bonds rallied last week, as easing geopolitical tensions and the Philippine government’s clearer Q3 borrowing path restored risk appetite.

Risk-off mood dominated the peso bond market as geopolitical tensions, rising US yields, and a likely BSP rate cut drove cautious positioning.

Despite global volatility, peso government securities (GS) traded in tight ranges as local sentiment stayed cautious.

Global bond rallies converged with local profit-taking in the Philippine market, painting a complex picture for investors.

Global bond rallies met local profit-taking in the Philippine market last week, creating a nuanced picture.

The Philippine bond market’s currently shaped by a mix of global developments and evolving local sentiment, warranting close analysis.

Renewed buying interest drove yields lower, especially in the 10- and 20-year segments, as the market players shrugged off global headwinds.

Local bond market rallies, as soft inflation and GDP data reinforce BSP’s dovish tone, driving strong interest in medium to long tenors.

Market participants’ focus on the newly issued 10-year FXTN 10-73 extends to neighboring securities.