Philippines
Market Watch
| Close of October 21, 2025 |
Change From | |||
|---|---|---|---|---|
| Govt. Bond Yields | Latest Yield | Previous Day | Previous Week | YTD |
| 2 Year | 5.398 | ▼ 0.9 | ▼ 5.9 | ▼ 64.7 |
| 5 Year | 5.709 | ▲ 1.1 | ▲ 0.4 | ▼ 38.9 |
| 10 Year | 5.969 | ▲ 4.7 | ▲ 4.2 | ▼ 20.8 |
|
* Government bond yield changes are expressed in basis points. |
||||
| Currencies | Latest Rate | Previous Day | Previous Week | YTD |
| PHP per USD | 58.242 | ▼ 0.1 | ▼ 0.0 | ▼ 0.5 |
| PHP per JPY | 0.383 | ▲ 0.6 | ▲ 0.1 | ▼ 3.9 |
|
* Exchange rate changes are expressed as a percentage change. |
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| Interest Rates | Latest Rate | Previous Day | Previous Week | YTD |
| ON PHIREF | 5.658 | ◆ 0.0 | ◆ 0.0 | ◆ 0.0 |
|
* Interest rate changes are expressed in basis point change. |
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Policy Rates
| Change From | ||||
|---|---|---|---|---|
| Policy Rates | Latest Rate (9-Oct-2025) |
Previous Rate (28-Aug-2025) |
YTD Rate |
|
| BSP Overnight Borrowing (Reverse Repo) Rate |
4.750 | ▼ 25.0 | ▼ 100.0 | |
| BSP Overnight Lending (Repo) Rate |
5.250 | ▼ 25.0 | ▼ 100.0 | |
|
* 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 | 2024-11-26 | |
NEWS HIGHLIGHTS
- Philippines should forge more trade pacts to cushion US tariff impact, says HSBC
- GT Capital arm raises ?5 billion from oversubscribed maiden bond offering
- Peso extends slide as Japan elects new PM
- BSP exempts PERA-UITFs from access restrictions for central bank debt
- Gov’t fully awards dual-tenor bond offering at mixed yields
Read full index for News and Commentary
BOND ISSUANCES