Philippines
Market Watch
| Close of February 5, 2026 |
Change From | |||
|---|---|---|---|---|
| Govt. Bond Yields | Latest Yield | Previous Day | Previous Week | YTD |
| 2 Year | 5.160 | ▼ 0.9 | ▼ 5.9 | ▼ 21.2 |
| 5 Year | 5.618 | ▲ 0.1 | ▼ 6.0 | ▼ 17.0 |
| 10 Year | 5.962 | ▲ 0.4 | ▼ 5.0 | ▼ 11.1 |
|
* Government bond yield changes are expressed in basis points. |
||||
| Currencies | Latest Rate | Previous Day | Previous Week | YTD |
| PHP per USD | 58.713 | ▲ 0.4 | ▲ 0.4 | ▲ 0.4 |
| PHP per JPY | 0.374 | ▲ 0.6 | ▲ 2.9 | ▲ 0.6 |
|
* Exchange rate changes are expressed as a percentage change. |
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| Interest Rates | Latest Rate | Previous Day | Previous Week | YTD |
| ON PHIREF | 4.506 | ◆ 0.0 | ▲ 1.1 | ▲ 3.6 |
|
* Interest rate changes are expressed in basis point change. |
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Policy Rates
| Change From | ||||
|---|---|---|---|---|
| Policy Rates | Latest Rate (11-Dec-2025) |
Previous Rate (9-Oct-2025) |
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. |
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Sovereign Ratings
| Agency | Rating | Outlook | Date | |
|---|---|---|---|---|
| Regional Rating Institutions | ||||
| R&I | A- | stable | 2025-08-21 | |
| RAM | BBB2 | stable | 2019-11-27 | |
| Non-Regional Rating Institutions | ||||
| Fitch | BBB | stable | 2025-04-29 | |
| S&P | BBB+ | positive | 2025-11-27 | |
NEWS HIGHLIGHTS
- 4-5% growth likely this year as corruption fallout continues, says Teves
- PH Government Bond Market Trading Hits Record as Liquidity Deepens
- HSBC bets growth worries will push BSP to cut rates
- Century Properties secures permit for ₱5-billion bonds amid strong market demand
- Unemployment rate holds at 4.4% with 2.26 million jobless in Dec.
Read full index for News and Commentary
BOND ISSUANCES