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Given below are news about the events in the Philippine financial system. Your task is to interpret each story 1. The Philippines once again received
Given below are news about the events in the Philippine financial system. Your task is to interpret each story 1. The Philippines once again received a credit rating upgrade from Moody's. Its bond yields went down. Interpretation: 2. The Duterte administration starts to push through with its infrastructure projects. The government decides to hype borrowings. Government bond yields went up by 50 bps. Interpretation
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