Bonds at Risk From Asia's Most Inflation-Sensitive Central Bank.

The Philippine central bank, Bangko Sentral ng Pilipinas (BSP), is considering delaying monetary easing due to concerns about inflation and a weak peso. The BSP has a history of dealing with intense price pressures and is seen as the most "inflation-sensitive" central bank in the region. As a result, the country's 10-year bond yields have risen significantly in April, outpacing other emerging Asian markets. Inflation in the Philippines is expected to continue rising, and the BSP has raised its inflation forecast, indicating that bond yields may continue to increase. The risk of inflation and currency depreciation is not unique to the Philippines, as other countries in the region have also taken measures to combat inflation. [Extracted from the article]