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Government debt yields drop - BusinessWorld
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Yields on government debt close flat - BusinessWorld
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Gov t debt yields end mixed on inflation, Fed minutes
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BusinessWorld
March 1, 2021 | 12:01 am
YIELDS ON government securities (GS) jumped last week amid rising inflation expectations and US Treasury rates.
GS yields, which move opposite to prices, went up by an average of 21.97 basis points (bps) week on week, based on the PHP Bloomberg Valuation Service Reference Rates as of Feb. 26 published on the Philippine Dealing Systemâs website.
âThe rising 10-year US Treasuries and rising inflation expectations were reasons for the rise,â Jonathan L. Ravelas, chief market strategist at BDO Unibank, Inc., said in a text message.
âBasically, the theme [last] week was higher interest rates on inflation concerns. Adding to the pressure is the same upward pressure in bond yields in US,â a bond trader said in a Viber message.