Forex – Philippines Flows: USD/PHP soft start; Treasury to avail of tap facility in 10y bonds; RTBs

Published at 02:15 (GMT) 18 Jan After a steady open at 43.63, spot USD/PHP eased to 43.52 lows at last indication as EUR/USD maintains a bid tone in early Asia and PSEi kickstarted the day on a positive note. We expect caution paying interests to show up on dips below 43.45 support line in intraday plays. Separately, strong interests are noted in the domestic bond market as the Treasury plans to issue an extra PHP 9bn (USD 206mn) worth 10year bonds through a tap facility, today. This comes

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