The best days may be over for world-beating Philippine bonds – Bloomberg
Photographer: Veejay Villafranca / Bloomberg
Photographer: Veejay Villafranca / Bloomberg
Philippine peso bonds have outperformed all other major emerging markets this year, but their heyday may be over.
Gains will be harder to come by in the coming months, after the central bank lowered its expectations of further interest rate cuts by saying it had entered a “careful break. At the…