Accelerating inflation and higher volumes of Treasury bond issues were behind the rise in Philippine bond yields, it said. “In the Philippines, yields were driven higher by rising inflation and significant retail Treasury bond issuance,” it pointed out. Biggest rise in 10-yr bond yieldsThe publication noted that between March 1 and May 15, local currency government bond yields in the Philippines rose for all tenors, except the shorter-term 3-month maturities, with yields down by 24 bps; 6-month maturities, with yields down 9 bps; and 4-year maturities, with yields down 17 bps. China up, most emerging market yields downFor China, yields for both 2-year and 10-year yields rose as the authorities raised interest rates on reverse repurchase agreements and lending facilities, and pushed through measures to foster deleveraging. In Thailand, the two-year yield fell slightly while the 10-year yield rose marginally, it added.

Source: Manila Times June 23, 2017 17:48 UTC