Yields,

A bond trader agreed, saying some investors had “unloaded” after inflation was “way too far” from market expectations.

At the secondary market on Friday, the yield on the 91-day Treasury bill (T-bill) saw the steepest decline, losing 64.32 bps to close with 3.2639%.

It was followed by the 10-year Treasury bond (T-bond) which shed 6.69 bps to fetch 6.3548%. Yields on the threeand four-year tenors decreased by 4.57 and 2.32 bps, respectively, to 4.9766% and 5.6536%, while that of the 91-day T-bill dipped 1.99 bps to 3.8254%.

On the other hand, ending the week with gains were the 364-day T-bill and the two-, five-, seven- and 20-year Tbonds which went up 8.83 bps, 2.17 bps, 2.80 bps, 4.26 bps and 0.18 bp, respectively, to finish with 4.5625%, 4.8059%, 5.79%, 6.2908% and 7.3625%.

This week, the market will take its cue from the results of the US Bureau of Labor Statistics employment survey for the month of June, said Security Bank’s Ms. Dulay.

LANDBANK’s Mr. Dumalagan said players will also monitor external developments, particularly in the US and China.