Bond Selloff Elevates Short-Duration Yield Opportunities

A global bond selloff reportedly pushed U.S. Treasury yields to 24-year highs, while Philippine Treasury bill yields were reported as high as 6.157% ahead of October 6 CPI data. Short-duration bills and money-market instruments offer more concrete yield than speculative products, but currency, inflation, tax, credit, auction, rate, and liquidity risks remain material.