Philippine Government Bonds Drop on Inflation Data: World's Biggest Mover

(Bloomberg) -- Philippine bonds fell, the biggest
fluctuation of any government debt market today, after a report
showed inflation accelerated for a second straight month. The
peso dropped.

Yields on five-year notes rose to the highest since
December on speculation quicker inflation, supported by rising
oil prices, will give the central bank less room to reduce
interest rates. The economy grew a faster-than-expected 6.9
percent last quarter, weakening optimism policy makers will
reduce borrowing costs.


Read more at Bloomberg Bonds News