Philippine Bonds Gain as Inflation Slows; Peso Falls on Deficit Concerns

(Bloomberg) -- Philippine 10-year bonds rose after
the government said inflation slowed in June, reducing the
likelihood the central bank will raise interest rates.

``With the central bank signaling neutral to relax on its
policy rates, it generates interest among foreign investors to
come in and go back into the local fixed income market,'' said
Roland Avante, treasurer at Chinatrust (Philippines) Commercial
Bank in Manila.


Read more at Bloomberg Bonds News