(Bloomberg) -- Philippine government bonds surged
on speculation the government won't allow borrowing costs to
rise at next week's debt auction. The peso rose for a second day.
Ten-year bonds gained the most in almost seven months as
the market anticipates the Bureau of the Treasury will cap
interest rate increases in Tuesday's auction of bonds due
September 2016. The Treasury, which spurned all bids at a sale
of four-year bonds on June 12, will sell 5 billion pesos ($107
million) of 9.125 percent bonds on June 19.
Read more at Bloomberg Bonds News
on speculation the government won't allow borrowing costs to
rise at next week's debt auction. The peso rose for a second day.
Ten-year bonds gained the most in almost seven months as
the market anticipates the Bureau of the Treasury will cap
interest rate increases in Tuesday's auction of bonds due
September 2016. The Treasury, which spurned all bids at a sale
of four-year bonds on June 12, will sell 5 billion pesos ($107
million) of 9.125 percent bonds on June 19.
Read more at Bloomberg Bonds News
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