(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 Bonds News
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