Philippines
Market Watch
| Close of March 20, 2026 |
Change From | |||
|---|---|---|---|---|
| Govt. Bond Yields | Latest Yield | Previous Day | Previous Week | YTD |
| 2 Year | 6.004 | ◆ 0.0 | ▲ 31.7 | ▲ 63.2 |
| 5 Year | 6.591 | ◆ 0.0 | ▲ 29.0 | ▲ 80.3 |
| 10 Year | 6.907 | ◆ 0.0 | ▲ 28.2 | ▲ 83.5 |
|
* Government bond yield changes are expressed in basis points. |
||||
| Currencies | Latest Rate | Previous Day | Previous Week | YTD |
| PHP per USD | 59.799 | ▲ 0.5 | ▼ 0.1 | ▼ 1.4 |
| PHP per JPY | 0.376 | ▲ 1.4 | ▼ 0.4 | ▲ 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 | ◆ 0.0 | ▼ 0.0 | ▼ 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
- Fiscal squeeze, Middle East war to limit Philippine economic rebound—Nomura
- T-bill, bond yields may advance as demand weakens on inflation risks
- Peso seen holding above P60 on oil risks, Fed bets
- BSP may pause in April — Moody’s
- BSP seen hiking interest rates in April on oil shock
Read full index for News and Commentary
BOND ISSUANCES