Bright Morning - 19 August 2026

Bringing the latest market news closer to you.

Macroeconomy

• On Tuesday, the 30-year U.S. Treasury yield surged to 5.323%, hitting their highest level in 19 years amid a worsening U.S. fiscal situation and persistently higher inflation.
• The Marcos administration has shifted the bulk of its government asset sales to the fourth quarter of the year, leaning on last-minute property deals to hit its revised PHP 38.1 billion revenue goal, according to the Department of Finance (DOF).

Fixed Income

• Philippine government bond yields rose 7-9 bps amid higher global crude prices and increased local debt supply. The BTr awarded 4-year and 10-year bonds at average yields of 6.998% and 7.300%, respectively.
• U.S. Treasury yields slipped up to 2.5 bps, led by longer maturities as recent losses were unwound. longer maturities as previous losses were unwound. Focus remains on corporate supply and surging oil prices, which could quickly push yields back up in the coming days.

Equities

• Global equities fell 0.77% as escalating Middle East tensions lifted oil prices and bond yields, dampening investor risk appetite and weighing on growth-oriented equities.
• The PSEi edged up 0.05% to close at 6,265, scratching out a minor gain as bargain hunters bought up recently battered stocks. Overall market sentiment remained heavy, with foreign investors remaining net sellers for a fourth straight session at USD 6.53 million.

Daily Market Movements