It’s a good sign but rare instance when, in a relationship, you find that the more you learn about the other person, the more you continue to desire them. A sturdy bond delights in that...

We maintain our constructive stance on Philippine long-term foreign currency bonds and dollar-peso forecast of 50 by year-end.

Bonds are looking slightly overbought. Yields have come down a long way and its hard for them to push lower. We are seeing a bit of consolidation and wait for the Americans to return,