(Bloomberg) -- Philippine bonds fell, the biggest
fluctuation of any government debt market today, after the
nation's borrowing costs rose at an auction of 10-year debt
yesterday. The peso gained.
Ten-year bonds dropped for a third day after Finance
Secretary Gary Teves yesterday said the nation's revenue
collection agencies missed their targets last month. Teves said
the government's revenue increased at half the pace of nominal
economic growth, raising concern the Bureau of Internal Revenue
and the Bureau of Customs will keep missing their targets.
Read more at Bloomberg Bonds News
fluctuation of any government debt market today, after the
nation's borrowing costs rose at an auction of 10-year debt
yesterday. The peso gained.
Ten-year bonds dropped for a third day after Finance
Secretary Gary Teves yesterday said the nation's revenue
collection agencies missed their targets last month. Teves said
the government's revenue increased at half the pace of nominal
economic growth, raising concern the Bureau of Internal Revenue
and the Bureau of Customs will keep missing their targets.
Read more at Bloomberg Bonds News
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