February 1, 2021 | 12:01 am Font Size
YIELD TRACKER
YIELDS on government securities (GS) ended mixed last week after the country’s economic output contracted at a record low.
Debt yields, which move opposite to prices, rose 0.1 basis point (bp) on average week on week, based on the PHP Bloomberg Valuation Service Reference Rates as of Jan. 29 published on the Philippine Dealing System’s website.
UnionBank of the Philippines, Inc. Economic Research said in a text message that major data releases, in particular the gross domestic product (GDP) report, led to market players trimming their positions.
Robinsons Bank Corp. peso sovereign debt trader Kevin S. Palma, meanwhile, noted there was “very strong” two-way interest as the market digested various developments last week.
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%.
December 28, 2020 | 12:01 am Font Size
YIELD TRACKER
YIELDS ON government securities (GS) ended flat last week with investors focusing on repositioning their bond holdings and digesting new developments on the coronavirus vaccine and the US economy as they gear towards the yearend.
On average, GS yields were down by a basis point (bp) week on week, according to the PHP Bloomberg Valuation Service Reference Rates as of Dec. 23 published on the Philippine Dealing System’s website.
At the secondary market on Friday, yields on the short-end and belly of the yield curve rallied while those in the long-end marginally increased. The rates on the 91-, 182-, and 364-day Treasury bills fell by 1.5 bps, 0.7 bp, and one basis point, respectively, to 1.131%, 1.427%, and 1.713%.
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