March 8, 2021 | 12:01 am Font Size YIELD TRACKER YIELDS ON government securities (GS) went up last week as inflation continued its uptrend to reach a 26-month high in February. GS yields, which move opposite to prices, rose by an average of 12.92 basis points (bps) week on week, based on the PHP Bloomberg Valuation (BVAL) Service Reference Rates as of March 5 published on the Philippine Dealing System’s website. Yields on benchmark tenors increased on Friday from their Feb. 26 finish, except for those on the four-, five-, and seven-year Treasury bonds (T-bonds), which declined by 0.46 bp, 2.59 bps, and 0.25 bp, respectively, to 2.7486%, 3.0011%, and 3.4789%. The largest increases were observed in the long end of the yield curve, particularly the 20- and 25-year T-bonds which saw their rates go up by 41.06 bps (to 4.8707%) and 55.84 bps (4.8716%), respectively. The yield on the 10-year debt paper also increased by 8.76 bps to 3.9806%.