Philippine Peso Gains on Growth Outlook; Benchmark 10-Year Bonds Advance

(Bloomberg) -- The Philippine peso rose on
speculation the government will say economic growth in the three
months ended March accelerated to the fastest in three quarters.
Government bonds rose.

President Gloria Arroyo, whose party is poised to win the
May 14 Lower-House elections according to exit polls, said last
week that the economy is stable and strong. The peso extended
seven weeks of gains before the central bank meets on interest
rates this week. Ten-year bond yields are at their lowest in
almost three months.


Read more at Bloomberg Bonds News