Philippines
Market Watch
| Close of March 26, 2026 |
Change From | |||
|---|---|---|---|---|
| Govt. Bond Yields | Latest Yield | Previous Day | Previous Week | YTD |
| 2 Year | 6.005 | ▼ 9.2 | ▲ 0.2 | ▲ 63.3 |
| 5 Year | 6.725 | ▼ 7.2 | ▲ 13.4 | ▲ 93.7 |
| 10 Year | 6.983 | ▼ 4.9 | ▲ 7.6 | ▲ 91.1 |
|
* Government bond yield changes are expressed in basis points. |
||||
| Currencies | Latest Rate | Previous Day | Previous Week | YTD |
| PHP per USD | 60.255 | ▼ 0.3 | ▼ 0.3 | ▼ 2.2 |
| PHP per JPY | 0.377 | ▼ 0.0 | ▲ 1.0 | ▼ 0.2 |
|
* Exchange rate changes are expressed as a percentage change. |
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| Interest Rates | Latest Rate | Previous Day | Previous Week | YTD |
| ON RRP | 4.247 | ▼ 0.1 | ▼ 0.0 | ▼ 22.4 |
|
* Interest rate changes are expressed in basis point change. |
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Policy Rates
| Change From | ||||
|---|---|---|---|---|
| Policy Rates | Latest Rate (19-Feb-2026) |
Previous Rate (11-Dec-2025) |
YTD Rate |
|
| BSP Overnight Borrowing (Reverse Repo) Rate |
4.250 | ▼ 25.0 | ▼ 25.0 | |
| BSP Overnight Lending (Repo) Rate |
4.750 | ▼ 25.0 | ▼ 25.0 | |
|
* 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
- Producer Price Index for Manufacturing (2018=100) February 2026
- International Merchandise Trade Statistics of the Philippines, February 2026 (Preliminary)
- TDF yield inches down as demand stays strong
- Gov’t to borrow up to P784B via local market in Q2
- BSP holds rates in rare off-cycle move despite expectations of hike on war-driven inflation risks
Read full index for News and Commentary
BOND ISSUANCES