Foreign Exchange and Bond Markets

Overall, the domestic financial market remains generally stable and has started to realize gains from improving market and investor sentiments. The peso strengthened against the US Dollar while sovereign credit spreads tightened during this period (Figure 6.6).

Also, figure 6.6 summarizes the performance of Philippine financial markets post crisis and improved investor sentiment as evidenced by the general strengthening of the peso against the US dollar, rebound of the domestic equities market and tightening of sovereign debt spreads.

Figure 6.6. Summary of Financial Market Performance

Source: Bangko Sentral ng Pilipinas, Bloomberg and Philippine Stock Exchange