Philippines to Keep US Treasury Holdings Despite Turmoil (1)

The Philippines won’t cut its holdings of US Treasuries despite upheavals in global financial markets triggered by President Donald Trump’s evolving tariff actions.

“We will diversify our reserves and for now I think we have just the right mix of assets,” Bangko Sentral ng Pilipinas Governor Eli Remolonasaid, referring to the nation’s foreign reserves that include investments such as US Treasuries.

“So no, we’re not looking to reduce our holdings of US Treasuries,” he said in an interview with Bloomberg Television’s Annabelle Droulers and David Ingles on Friday.

Eli Remolona

Photographer: Lisa Marie David/Bloomberg

The $29 trillion Treasury market saw intense volatility this ...