Philippine T-bill yields reportedly climb as oil surge fuels inflation fears
BusinessWorld reports that the government raised its planned ₱42 billion despite climbing yields, as higher oil prices and a weakening peso added to inflation worries.
TLDR
BusinessWorld reported on September 15 that the Philippine government raised its planned ₱42 billion from Treasury bills at the previous day's auction. It linked rising yields to inflation concerns driven by surging oil prices and a weaker peso amid the Middle East conflict.
A separate market commentary shared that day said Indian equities had fallen for a fifth consecutive week, with the Nifty 50 down 0.34% to 23,398 on the preceding Friday. The commentary linked the decline to higher crude prices and concerns about inflation and global interest rates.
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