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Yields on gov t debt rise on inflation

March 15, 2021 | 12:01 am Font Size YIELD TRACKER BETS OF faster inflation in the near term as food costs continued to increase pushed yields on government securities (GS) to soar last week. GS yields, which move opposite to prices, went up across the board last week, increasing by an average of 29.99 basis points (bps) week on week, based on the PHP Bloomberg Valuation Service Reference Rates as of March 12 published on the Philippine Dealing System’s website. Yields on the 91-, 182- and 364-day Treasury bills rose by 15.63 bps, 14.63 bps, and 17.06 bps, respectively, to 1.2379%, 1.3413%, and 1.854% on Friday from their week-ago levels. At the belly, the rates of two-, three-, four-, five-, and seven-year Treasury bonds (T-bonds) jumped by 28.24 bps, 39.03 bps, 43.79 bps, 44.78 bps, and 39.66 bps, respectively, to 2.4674%, 2.8768%, 3.1865%, 3.4489%, and 3.8755%.

Yields on government debt climb on US Treasuries movement, inflation

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 System’s website. “The rising 10-year US Treasuries and rising inflation expectations were reasons for the rise,” Jonathan L. Ravelas, chief market strategist at BDO Unibank, Inc., said in a text message. “Basically, 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,” a bond trader said in a Viber message.

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