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| Philippine Government Securities ： ウィキペディア英語版 |
Philippine Government Securities
Philippine government securities (locally referred to as "GS") are the unconditional debt obligations of the Republic of the Philippines. These are all denominated in the local currency, the Philippine peso. The securities are issued by the Republic through its fiscal agent, the Bureau of Treasury.
== Risk free securities ==
By convention, the risk-free interest rate is the yield that the investor can obtain by acquiring financial instruments with no default risk. In practice, finance professionals and academics classify government bonds denominated in the domestic currency of the issuing government as risk free because of the extremely low probability that the government will default on its own debt.
抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』
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