Peso weakens past 62.9-per-dollar as US yields climb

MANILA, Philippines — The Philippine peso sank below 62.9 for the first time on Tuesday, as the greenback strengthened after benchmark 10-year US Treasury yields climbed to their highest level since October 2023. The currency opened at 62.9 per dollar and weakened to an intraday low of 62.905, surpassing the previous record low of 62.875 reached during Monday’s