Gov t debt yields end mixed on inflation, Fed minutes bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.
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 Systemâs 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%.
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.
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%.