May 28, 2026

Bright Morning - 28 May 2026

Bringing the latest market news closer to you.

 

Macroeconomy

  • Recent US-Iran military friction temporarily dented risk sentiment, but markets view the activity as part of ongoing diplomatic negotiations. A potential agreement could see the US lift port blockades and withdraw forces in exchange for Iran reopening the Strait of Hormuz.
  • Fitch Solutions' BMI projects the Philippine central bank could raise interest rates to 5.5% by 2026 due to inflation, potentially increasing borrowing costs. Conversely, UA&P forecasts 5% economic growth later this year, driven by infrastructure spending.

Fixed Income

  • Local bond yields were 6-7bps higher last Tuesday as the market absorbed 4-year and 10-year supply from the primary. Better buying interest was seen although activity remained relatively light.
  • US Treasury yields were little changed as optimism over US-Iran negotiations were tempered amid conflicting reports.

Equities

  • Global equities rose +0.26% as gains were supported by easing oil prices and optimism around potential de-escalation in geopolitical tensions.
  • The PSEi fell below the 6,000-level last Tuesday and dropped 46.14pts (-0.77%) to 5,963.24 as doubts over a possible Iran resolution clouded sentiment. US airstrikes against Iran continued this morning, casting further doubt on the reopening of the Strait of Hormuz.

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 27 May 2026 Previous Day Daily Change
PSEi
Philippine Equity Index		 5,963 6,009 -0.77%
NASDAQ
Tech Focused US Index		 29,974 30,001 -0.09%
MSCI ACWI
Global Equity Index		 1,122 1,121 0.08%
S&P500
US Equity Index		 7,520 7,519 0.02%
PH Bond (10-Year) 7.62% 7.55% 7 bps
US Treasury Bond (10-Year)   4.48% 4.49% 0 bps
USD / PHP 61.560 61.465 -0.15%

Disclaimer. Sun Life Investment Management and Trust Corporation (SLIMTC) makes no representation as to the accuracy or completeness of the information contained herein. The information contained in this presentation is for information purposes only. It is not intended to provide professional, investment or any other type of advice or recommendation in relation to purchases or sales of securities whether or not they are related to SLIMTC. It does not take into account the particular investment objectives, financial situation or needs of individual recipients. Any opinions or estimates herein reflect SLIMTC’s judgment as at the date of this material and are subject to change at any time without notice.

The products and services offered by SLIMTC are not covered by the Philippine Deposit Insurance Corporation (PDIC). Any income or loss from the said products and services shall be for the account of the client. SLIMTC is not liable for losses unless upon willful default, bad faith or gross negligence.

This material is for your reference only and does not constitute advice given by SLIMTC. Please review your financial needs depending on your personal situation and objectives. This material is a copyrighted work. You may not share, distribute, revise, transform, or build upon this material without prior written consent of, and proper attribution to SLIMTC. All trademarks are the properties of their respective owners.

SLIMTC is regulated by the Bangko Sentral ng Pilipinas. For concerns, inquiries, or feedback regarding SLIMTC products and services, you may reach us at SUNLINK (+632) 8849-9888) or via email at SLIMTC.Solutions@sunlife.com. You may also contact the BSP Financial Consumer Protection Office at +632-8708-7087 or email consumeraffairs@bsp.gov.ph.