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× Pandemic, uncertainty weigh on bond market

The Philippines’ local currency (LCY) bond market fell quarter-on-quarter amid a drop in government bonds, which the Asian Development Bank (ADB) said could be attributed to the coronavirus disease 2019 (Covid-19) pandemic and the economic uncertainty it caused.
Outstanding LCY bonds declined by 0.8 percent to P6.64 trillion ($131 billion) at the end of December 2019 from P6.69 trillion ($129 billion)…