(Bloomberg) -- Philippine bonds fell on speculation
the government will this week announce it plans to increase
borrowing next quarter after spending rose faster than revenue.
Seven-year notes ended two days of gains on concern
additional supply may be needed after the budget shortfall was
41.8 billion pesos ($899 million) in the first five months of
the year, above the 31 billion peso target for the first half.
The government may announce its third quarter borrowing plan as
early as today.
Read more at Bloomberg Bonds News
the government will this week announce it plans to increase
borrowing next quarter after spending rose faster than revenue.
Seven-year notes ended two days of gains on concern
additional supply may be needed after the budget shortfall was
41.8 billion pesos ($899 million) in the first five months of
the year, above the 31 billion peso target for the first half.
The government may announce its third quarter borrowing plan as
early as today.
Read more at Bloomberg Bonds News
No comments:
Post a Comment