(Bloomberg) -- Philippine 10-year government bonds fell on concern the central bank will raise interest rates to reduce money-supply growth. The peso, little changed today, completed a second weekly gain.
Ten-year yields rose almost daily this month after Bangko Sentral ng Pilipinas Governor Amando Tetangco said in a March 30 speech that ``prolonged negative real interest rates'' must be avoided, adding that the central bank may ``adjust its policy settings.'' Bangko Sentral in November started tiered interest rates that pay banks less money the more they deposit.
Read more at Bloomberg Bonds News
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