Philippine Bonds Drop on Concerns Deficit to Widen: World's Biggest Mover

(Bloomberg) -- Philippine 10-year bonds declined,
the biggest fluctuation of any government debt market today, on
concern the nation will miss its revenue target.

Yields rose to the highest in eight months after the
Philippine Star reported that the government may fail to meet
the goal by 25 billion pesos ($543 million) this year, citing
estimates from the Development Budget Coordination Committee, an
inter-agency group that sets economic targets.


Read more at Bloomberg Bonds News