For Equities, A shortened week saw the market seek out a small gain of 14 pts (+0.18%) with foreigners selling a total of $6.3m (Php 327m). Meanwhile in Fixed Income, Local bond yields dropped, shadowing US Treasuries’ movement despite higher than expected May CPI data. US Treasury (UST) yields displayed volatility during the week. USTs started with a sharp rally as markets reacted to Fed member Bullard’s dovish statement that a rate cut may be warranted to boost inflation and provide some insurance against global risks including uncertainties on the US-China trade war.
Short Term Bond Fund
Invest in a portfolio of short-term securities and money market