May 25, 2026

Bright Morning - 25 May 2026

Bringing the latest market news closer to you.

 

Macroeconomy

  • Crude oil prices fell more than 4% Sunday after President Trump indicated that talks with Iran to reopen the Strait of Hormuz are advancing constructively, though he said the U.S. would not rush a deal. The negotiations are "proceeding in an orderly and constructive manner, and I have informed my representatives not to rush into a deal in that time is on our side, "Trump said.
  • Philippine car sales declined by 19% in April as rising oil prices linked to the Middle East war continue to dampen consumer demand for gas-powered vehicles, according to a joint report by CĂMPI and TMA. Electric vehicle (EV) sales emerged as a bright spot, nearly quadrupling in April amid growing demand for energy-efficient alternatives.

Fixed Income

  • Local bond yields were lower by about 4bps on better sentiment over US-Iran negotiations. Activity remains light with market participants still sidelined amid BSP governor's comments on openness to off-cycle rate hike.
  • Optimism over US-Iran peace deal pushed 10-to-30-year US Treasury yields lower by 1-3bps while yields on shorter maturities were higher by 1-4bps amid inflation concerns.

Equities

  • Global equities rose +0.51% as easing Treasury yields and growing optimism around potential de-escalation in the Iran conflict supported risk sentiment.
  • The PSEi was up +0.69% to 5,961.40 as the prospect of peace in the Middle East continued to lift local traders' spirits.

Bright Idea: Locking in yields at current levels (10-year higher than 7% sounds like a good move to add some stability. We recommend clients to consider adding local bond funds to their portfolios at this point.
 

Daily Market Movements

Indicators 22 May 2026 Previous Day Daily Change
PSEi
Philippine Equity Index		 5,961 5,921 0.69%
NASDAQ
Tech Focused US Index		 29,482 29,357 0.42%
MSCI ACWI
Global Equity Index		 1,113 1,107 0.51%
S&P500
US Equity Index		 7,473 7,446 0.37%
PH Bond (10-Year) 7.75% 7.79% -4 bps
US Treasury Bond (10-Year)   4.56% 4.57% -1 bps
USD / PHP 61.690 61.581 -0.18%

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