Asia, Philippines are safe havens amid U.S. debt concerns, treasurer says

Posted at Jul 29 2011 10:22 PM | Updated as of Jul 30 2011 09:19 PM

East West Banking Corp. Treasurer Manuel Goseco told Business Nightly that markets are discounting the threat of a U.S. default. He also said investors seeking growth and safety in Asia has brought  Philippine bond yields close to France's borrowing costs.

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