The Philippine bond market grew 2.8% in the first quarter of the year, returning to growth as both government and corporate issuances increased despite heightened global uncertainty, according to the Asian Development Bank. Philstar Biz reported.
The ADB noted that the growth was supported by a rise in government bond issuances, which accounted for the bulk of the market, as well as a recovery in corporate bonds. The expansion comes amid global financial market volatility and concerns over interest rates.
Analysts expect the bond market to continue its upward trajectory in the coming quarters, provided that domestic economic conditions remain stable and global risks are managed.