Philippines
Market Watch
| Close of March 21, 2019 |
Change From | |||
|---|---|---|---|---|
| Govt. Bond Yields | Latest Yield | Previous Day | Previous Week | YTD |
| 2 Year | 6.055 | ▼ 0.4 | ▲ 7.9 | ▼ 83.0 |
| 5 Year | 5.991 | ▼ 6.2 | ▼ 14.7 | ▼ 104.6 |
| 10 Year | 5.948 | ▼ 12.0 | ▼ 23.6 | ▼ 111.7 |
|
* Government bond yield changes are expressed in basis points. |
||||
| Currencies | Latest Rate | Previous Day | Previous Week | YTD |
| PHP per USD | 52.705 | ▲ 0.2 | ▼ 0.1 | ▼ 0.3 |
| PHP per JPY | 0.476 | ▲ 0.3 | ▼ 0.9 | ▲ 0.7 |
|
* Exchange rate changes are expressed as a percentage change. |
||||
| Interest Rates | Latest Rate | Previous Day | Previous Week | YTD |
| ON PHIREF | 7.534 | ▼ 78.6 | ▲ 116.8 | ▼ 261.8 |
| 3M PHIREF | 5.931 | ▲ 9.9 | ▲ 40.4 | ▲ 5.1 |
|
* Interest rate changes are expressed in basis point change. |
||||
Policy Rates
| Change From | ||||
|---|---|---|---|---|
| Policy Rates | Latest Rate (21-Mar-2019) |
Previous Rate (7-Feb-2019) |
YTD Rate |
|
| BSP Overnight Borrowing (Reverse Repo) Rate |
4.750 | 0.0 | 0.0 | |
| BSP Overnight Lending (Repo) Rate |
5.250 | 0.0 | 0.0 | |
|
* Policy rate changes are expressed in basis point change. |
||||
Sovereign Ratings
| Agency | Rating | Outlook | Date | |
|---|---|---|---|---|
| Regional Rating Institutions | ||||
| R&I | BBB | stable | 2017-12-18 | |
| RAM | gBBB3(pi) | positive | 2017-09-06 | |
| Non-Regional Rating Institutions | ||||
| Fitch | BBB | stable | 2017-07-17 | |
| S&P | BBB | stable | 2017-04-29 | |
NEWS HIGHLIGHTS
- PBB to raise P10 billion via bond issuance
- BSP steadies rates, cuts inflation outlook
- Growth seen hinging largely on domestic demand
- Yields on term deposits mixed ahead of BSP’s policy meeting
- Foreign investors turned net buyers of Asian bonds
Read full index for News and Commentary
BOND ISSUANCES
- Size of LCY Bond Market
- Size of LCY Bond Market in % of GDP
- Monthly Bonds Outstanding in USD
- FCY Bonds Outstanding
- Issuance Volume of LCY Bond Market
- Breakdown of LCY Government Bond Market Issuance
- G3 Currency Bond Issuance
- Government Securities Maturity Profile - LCY
- Corporate Securities Maturity Profile - LCY
- Trading Volume
- Interest Rate Spread - 2yrs vs 10yrs - LCY Bond
- Yield Volatility - 10yr LCY Bonds
- iBoxx ABF Index Family
- Bid-Ask Spreads (Survey data)
- Government Bond Market Structural Issues
- Corporate Bond Market Structural Issues
ASEAN+3 Bond Market Guide
ASEAN+3 Bond Market Guide 2017: Philippines
ASEAN+3 Bond Market Guide is a comprehensive explanation of the region’s bond markets. It provides
information such as the history, legal and regulatory framework, specific characteristics of the market,
trading and transaction (including settlement systems), and other relevant information. The Bond
Market Guide 2017 for the Philippines is an outcome of the support and contributions of ASEAN+3
Bond Market Forum members and experts, particularly from the Philippines.
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Market Summary
Size and Composition
The local currency (LCY) bond market of the Philippines expanded 5.3% quarter-on-quarter and 11.4% year-on-year in the fourth quarter of 2018 supported by increases in LCY government and corporate bonds. Outstanding LCY bonds amounted to PHP6,098 billion (USD116 billion), up from PHP5,792 billion in the previous quarter.
Corporate Bond Issuance
Issuances of LCY corporate bonds in the fourth quarter of 2018 totaled PHP130.9 billion, increasing more than 150% from the previous quarter. Banks increased their issuance of bonds as an alternative funding source after the Bangko Sentral ng Pilipinas relaxed its rules to allow banks to tap the domestic capital market without prior approval from the central bank.
Refine Search
1 - 20 of 1,208 results
- PBB to raise P10 billion via bond issuance
Business World
2019-03-22 - BSP steadies rates, cuts inflation outlook
Business World
2019-03-22 - Monetary Board Maintains Policy Settings
Bangko Sentral ng Pilipinas
2019-03-21 - Foreign investors turned net buyers of Asian bonds
Business World
2019-03-21 - Yields on term deposits mixed ahead of BSP’s policy meeting
Business World
2019-03-21 - Growth seen hinging largely on domestic demand
Business World
2019-03-21 - Peso hits two-month low
Business World
2019-03-21 - Gov’t makes partial T-bills award
Business World
2019-03-19 - Overall BOP Position Reverses to a Surplus of US$467 Million in February 2019
Bangko Sentral ng Pilipinas
2019-03-19 - Fiscal data bear imprint of budget delay
Business World
2019-03-19 - Yields on government debt end flat on RTB settlement
Business World
2019-03-18 - Rates of T-bills to move sideways as retail bond issue saps demand
Business World
2019-03-18 - Peso ends flat vs dollar
Business World
2019-03-18 - Peso to weaken ahead of BSP meeting
Business World
2019-03-18 - BSP expected to maintain policy for now
Business World
2019-03-18 - ‘Investor optimism’ makes hot money rebound in Feb.
Business World
2019-03-15 - Remittance impact on peso flagged
Business World
2019-03-15 - PSBank to raise P40B via peso bond program
Business World
2019-03-14 - TDF demand drops with just two tenors on offer
Business World
2019-03-14 - Joint Statement on the 175th DBCC Meeting: Reviewing the macroeconomic assumptions and fiscal program of the government
Department of Finance
2019-03-14