GS rates may be mixed as BSP stays hawkish (opens original article in a new tab)

GS rates may be mixed as BSP remains hawkish, with the government auctioning P120 billion in securities this week.

• BSP raised benchmark rates by 25 bps to 4.75%
• Government to auction P120 billion in short-term securities this week
• Yields on reissued bonds may drop due to market demand