Philippines
Market Watch
| Close of May 24, 2019 |
Change From | |||
|---|---|---|---|---|
| Govt. Bond Yields | Latest Yield | Previous Day | Previous Week | YTD |
| 2 Year | 5.674 | ▼ 4.6 | ▼ 12.0 | ▼ 121.1 |
| 5 Year | 5.696 | ▼ 4.1 | ▼ 4.3 | ▼ 134.1 |
| 10 Year | 5.709 | ▼ 3.3 | ▼ 7.9 | ▼ 135.6 |
|
* Government bond yield changes are expressed in basis points. |
||||
| Currencies | Latest Rate | Previous Day | Previous Week | YTD |
| PHP per USD | 52.243 | ▲ 0.5 | ▲ 0.8 | ▲ 0.6 |
| PHP per JPY | 0.478 | ▲ 0.3 | ▲ 0.1 | ▲ 0.3 |
|
* Exchange rate changes are expressed as a percentage change. |
||||
| Interest Rates | Latest Rate | Previous Day | Previous Week | YTD |
| ON PHIREF | 5.748 | ▲ 73.2 | ▲ 77.5 | ▼ 440.4 |
| 3M PHIREF | 5.377 | ▲ 2.2 | ▲ 7.7 | ▼ 50.3 |
|
* Interest rate changes are expressed in basis point change. |
||||
Policy Rates
| Change From | ||||
|---|---|---|---|---|
| Policy Rates | Latest Rate (9-May-2019) |
Previous Rate (21-Mar-2019) |
YTD Rate |
|
| BSP Overnight Borrowing (Reverse Repo) Rate |
4.500 | ▼ 25.0 | 0.0 | |
| BSP Overnight Lending (Repo) Rate |
5.000 | ▼ 25.0 | 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 | gBBB2(pi) | stable | 2018-08-29 | |
| Non-Regional Rating Institutions | ||||
| Fitch | BBB | stable | 2017-07-17 | |
| S&P | BBB | stable | 2017-04-29 | |
NEWS HIGHLIGHTS
- T-bill, bond rates likely to drop
- Gov’t debt yields end flat
- Committee Fully Awards Treasury Bills at Auction
- PNB to issue $300 million in medium-term notes
- Bids for term deposits decline
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
- Breakdown of LCY 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.
Download Report
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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.
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1 - 20 of 1,164 results
- T-bill, bond rates likely to drop
Business World
2019-05-27 - Committee Fully Awards Treasury Bills at Auction
Bureau of the Treasury
2019-05-27 - Gov’t debt yields end flat
Business World
2019-05-27 - PNB to issue $300 million in medium-term notes
Business World
2019-05-24 - Bids for term deposits decline
Business World
2019-05-23 - UnionBank starts P3-B bond offer
Business World
2019-05-21 - Gov’t fully awards T-bills as rates decline
Business World
2019-05-21 - Yields on gov’t debt end flat on RRR cut
Business World
2019-05-20 - T-bill rates to go down
Business World
2019-05-20 - Committee Makes Full Award of Treasury Bills
Bureau of the Treasury
2019-05-20 - Overall BOP Position Registers US$467 Million Surplus in April 2019
Bangko Sentral ng Pilipinas
2019-05-20 - Monetary Board Reduces Reserve Requirements
Bangko Sentral ng Pilipinas
2019-05-17 - PSEi sinks below 7,500 as investors dump local stocks
Inquirer
2019-05-17 - Robinsons Bank to raise P10B via bonds
Business World
2019-05-17 - BSP cuts big banks’ reserve requirement
Business World
2019-05-17 - RCBC to issue P5 billion in sustainability bonds
Business World
2019-05-16 - Term deposit yields drop
Business World
2019-05-16 - Seven-year bonds fully awarded on strong demand after rate cut
Business World
2019-05-16 - Warm Reception for the Philippines’ Second Panda Bonds Issuance
Bureau of the Treasury
2019-05-15 - Committee Fully Awards Reissued 7-Year Treasury Bonds
Bureau of the Treasury
2019-05-15