#Finance: Philippines Slips From Best to Worst on Peso Loss

Philippine bonds, Southeast Asia’s biggest gainers in 2013, are delivering the region’s only losses this month after inflation accelerated to a two-year high and the peso slumped.

Local-currency government notes dropped 1.1 percent in 2014, after gains of 5.2 percent last year that were the best among 10 Asian indexes compiled by HSBC Holdings Plc. Consumer-price increases of 4.1 percent are giving investors in Philippine 10-year securities a real yield of 0.18 percent, compared with 2.3 percent for Thailand and 1.3 percent forMalaysia, data compiled by Bloomberg show.