Philippines
Market Watch
| Close of March 25, 2026 |
Change From | |||
|---|---|---|---|---|
| Govt. Bond Yields | Latest Yield | Previous Day | Previous Week | YTD |
| 2 Year | 6.097 | ▼ 9.8 | ▲ 17.9 | ▲ 72.5 |
| 5 Year | 6.797 | ▼ 7.0 | ▲ 25.5 | ▲ 100.9 |
| 10 Year | 7.032 | ▼ 2.6 | ▲ 24.7 | ▲ 95.9 |
|
* Government bond yield changes are expressed in basis points. |
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| Currencies | Latest Rate | Previous Day | Previous Week | YTD |
| PHP per USD | 60.104 | ▼ 0.3 | ▼ 1.0 | ▼ 2.0 |
| PHP per JPY | 0.377 | ▲ 0.2 | ▼ 1.2 | ▼ 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 | 4.248 | ▼ 0.2 | ▲ 0.1 | ▼ 22.3 |
|
* 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
- Philippines remains an underperformer among Asian peers — ANZ
- Marcos still sees 6% growth by 2028
- War-driven yield spike hampers Philippines' domestic borrowing, bonds among 'worst-performing'
- Schedule of Treasury Bills and Treasury Bonds Offering for the 2nd Quarter of 2026
- Investors in ‘very risk-off mode’ as oil prices stay elevated — PSE chief
Read full index for News and Commentary
BOND ISSUANCES