- Yields on government securities (GS) traded at the secondary market fell last week after the auction result of reissued seven-year bonds and the central bank saying that an interest rate hike is unnecessary.
- GS yields dropped by an average of 4.09 basis points (bps) week on week, based on PHP Bloomberg Valuation Service Reference Rates as of Sept. 15 published on the Philippine Dealing System’s website.
- Yields fell across the board, with rates of the 91-, 182-, and 364-day Treasury bills (T-bills) going down by 3.28 bps (to 5.6225%), 2.26 bps (5.9641%), and 2.94 bps (6.1636%), respectively.