Chart(s) of the Days: Yields of Philippine 1 Month Bill Soars to Highest Level Since at Least 2012!

What a truly remarkable development in the domestic bond markets today. 

The yield of Philippine 1 month Treasury bill soared to its highest level [to at least 2012]! 

I say "at least" because that's the max from investing.com charts

Today's astounding surge in the yield of the 1 month bill has narrowed its spread with the 10 year benchmark to a mere 15 bps! 

This I believe, like the nominal yield equivalent, represents a milestone! 

As I have recently noted, the inversion process within the Philippine treasury spectrum appear to be spreading. And definitely this would NOT be a good news for a credit dependent economy and Philippine risk assets too!