Philippine Government Bonds Fall on Inflation Data: World's Biggest Mover

(Bloomberg) -- Philippine bonds slumped, the biggest
fluctuation of any government debt market today, after a report
showed inflation accelerated for a second straight month. The
peso weakened.

Yields on five-year notes rose to the highest since
December on speculation quickening inflation, supported by
rising oil prices, will give the central bank less room to
reduce interest rates. The economy grew a faster-than-expected
6.9 percent last quarter, curbing speculation policy makers will
reduce borrowing costs.


Read more at Bloomberg Bonds News

Philippine Peso Advances, Bonds Drop as Central Bank Curbs Money Supply

(Bloomberg) -- Philippine bonds fell, the biggest fluctuation among government debt markets today, after the central bank introduced new rules to curb growth in money supply. The peso strengthened.

Five-year bonds fell the most in at least a month after Bangko Sentral ng Pilipinas yesterday expanded access to its deposit accounts with higher interest rates to government pension funds, state-owned companies and some investment trusts. They were previously available only to banks. The central bank held its overnight policy rate at 7.5 percent and maintained lower payments for larger deposits.


Read more at Bloomberg Currencies News