Philippine Bonds Gain as Government Sells Assets; Peso Ends Four-Day Rally

(Bloomberg) -- Philippine bonds rose after the
government sold part of its stake in Philippine National Bank,
raising speculation funds from privatization of state assets
will be enough to offset declining revenue.

``The government may not need to borrow more,'' which may
cause yields to fall, said Yvette Marquez, who helps manage the
equivalent of $5.3 billion of assets at BPI Asset Management in
Manila. ``The sale will help the government offset their
problems with their collection targets.''


Read more at Bloomberg Bonds News