(Bloomberg) -- Philippine five-year bonds gained for a second day on speculation the central bank will keep interest rates on hold this week, easing concern that borrowing costs will rise. The peso strengthened.
Five-year debt climbed the most in three weeks after a government report yesterday showed remittances from overseas workers rose by a quarter in February from a year earlier, exceeding $1 billion for a 10th straight month. Central bank policy makers next meet on April 19 after keeping their key overnight policy rate unchanged since 2005 while lowering the rate on some larger deposits in November.
Read more at Bloomberg Bonds News
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