(Bloomberg) -- The Philippine peso rebounded from
its biggest drop in two weeks on speculation investors will buy
back the nation's bonds after Finance Secretary Gary Teves
assured the government will meet the budget deficit target.
The currency rose from more than a one-week low as yields on
five-year bonds at the highest in nine months may draw investors.
Central bank Governor Amando Tetangco, who presides at today's
interest-rate setting meeting, yesterday said he's
``comfortable'' with monetary conditions.
Read more at Bloomberg Currencies News
its biggest drop in two weeks on speculation investors will buy
back the nation's bonds after Finance Secretary Gary Teves
assured the government will meet the budget deficit target.
The currency rose from more than a one-week low as yields on
five-year bonds at the highest in nine months may draw investors.
Central bank Governor Amando Tetangco, who presides at today's
interest-rate setting meeting, yesterday said he's
``comfortable'' with monetary conditions.
Read more at Bloomberg Currencies News
No comments:
Post a Comment