Local issuers continue to be viewed favourably by offshore investors looking to diversify credit exposures. Yields on Commonwealth Government securities have moved in line with global government bond yields. They are around post-federation lows, as this very long-run graph demonstrates (Graph 1). Semi-government spreads have tended to move in a fairly tight range.
In closing, I hope that this session will strengthen ties and cooperation between the Philippines and Israel so that our respective financial services sectors remain safe, innovative, and resilient in the digital economy. Thank you for your attention​. 2/2  BIS central bankers' speeches