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January 18, 2021 | 12:01 am
YIELD TRACKER
YIELDS ON government securities traded sideways last week after the Bangko Sentral ng Pilipinas (BSP) signaled it would maintain the low-interest-rate environment until the economy improves.
GS yields inched down by an average of one basis point (bp) week on week, based on the PHP Bloomberg Valuation Service (BVAL) Reference Rates as of Jan. 15 published on the Philippine Dealing System’s website.
At the end of trading on Friday, yields ended mixed across the board with Treasury bills (T-bills) edging down, as the 91-, 182-, and 364-day debt dropped by 0.4 bp, 1.7 bps, and 1.9 bps, respectively, to fetch 1.129%, 1.387%, and 1.607%.
January 4, 2021 | 12:01 am Font Size
YIELD TRACKER
YIELDS ON government securities (GS) moved sideways during the last trading week of 2020 as market players repositioned after the central bank chief hinted on more policy rate cuts in the medium term.
On average, GS yields â which move opposite to prices â went down by an average of 0.6 basis point (bp) week on week, based on the PHP Bloomberg Valuation Service Reference Rates as of Dec. 29 published on the Philippine Dealing Systemâs website.
Financial markets were closed from Dec. 30 to Jan. 1.
Despite the shortened trading week, yields on nearly all tenors retreated on Tuesday from their Dec. 23 finish except for the 20- and 25-year papers, which went up by 6.9 bps and 7.1 bps, respectively, to fetch 3.965% and 3.95%.