May 29, 2026

Bright Morning - 29 May 2026

Bringing the latest market news closer to you.

 

Macroeconomy

  • Oil eased from intraday highs after reports that U.S. and Iran agreed to extend their ceasefire and begin nuclear talks, pending President Trump's approval. Meanwhile, U.S. inflation stayed firm in April, reinforcing concerns that price pressures may keep interest rates elevated.
  • Long-term inflation expectations remain stable despite oil-driven price pressures from the Middle East conflict. BSP research shows expectations continue to hover near the upper end of the 2%-4% target range, suggesting inflation remains manageable over the longer term.

Fixed Income

  • Local bond yields were lower by 5 to 15 bps as sentiment was supported by lower oil prices and a well received auction. Longer maturities outperformed although most of the buying interest was seen in the 5-to 10-year maturities.
  • US Treasury yields were lower by as much as 4 bps amid reports of progress on a peace deal between US and Iran. US and Iran have reportedly reached an agreement on a 60-day ceasefire pending Trump's sign off.

Equities

  • Global equities rose +0.22% as markets gained following an extension of the U.S.-Iran ceasefire while investors assessed the latest U.S. inflation data and revisions to economic growth.
  • Philippine shares dipped yesterday, with the PSEi losing 103.30 points (-1.73%) to close at 5,859.94. Global tensions regarding the Strait reopening dampened investor sentiment. MSCi rebalancing set for today may also pressure the local market given substantial outflows expected for several index names.

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 28 May 2026 Previous Day Daily Change
PSEi
Philippine Equity Index		 5,860 5,963 -1.73%
NASDAQ
Tech Focused US Index		 30,224 29,974 0.84%
MSCI ACWI
Global Equity Index		 1,125 1,122 0.22%
S&P500
US Equity Index		 7,564 7,520 0.58%
PH Bond (10-Year) 7.54% 7.62% -9 bps
US Treasury Bond (10-Year)   4.45% 4.48% -4 bps
USD / PHP 61.595 61.560 -0.06%

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.