Philippines
Market Watch
| Close of June 18, 2026 |
Change From | |||
|---|---|---|---|---|
| Govt. Bond Yields | Latest Yield | Previous Day | Previous Week | YTD |
| 2 Year | 6.306 | ▲ 0.7 | ▼ 46.2 | ▲ 93.4 |
| 5 Year | 6.682 | ▲ 0.8 | ▼ 60.5 | ▲ 89.4 |
| 10 Year | 6.976 | ▲ 6.6 | ▼ 51.7 | ▲ 90.4 |
|
* Government bond yield changes are expressed in basis points. |
||||
| Currencies | Latest Rate | Previous Day | Previous Week | YTD |
| PHP per USD | 60.588 | ▼ 0.3 | ▲ 1.3 | ▼ 2.8 |
| PHP per JPY | 0.375 | ▲ 0.1 | ▲ 2.1 | ▲ 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 | 4.488 | ▼ 0.4 | ▲ 0.1 | ▲ 1.8 |
|
* Interest rate changes are expressed in basis point change. |
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Policy Rates
| Change From | ||||
|---|---|---|---|---|
| Policy Rates | Latest Rate (18-Jun-2026) |
Previous Rate (23-Apr-2026) |
YTD Rate |
|
| BSP Overnight Borrowing (Reverse Repo) Rate |
4.750 | ▲ 25.0 | ◆ 0.0 | |
| BSP Overnight Lending (Repo) Rate |
5.250 | ▲ 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
- Peso drops further on hawkish Fed bets
- Monetary Board raises target RRP Rate by 25 basis points
- Philippines bond market grows 2.8% in three months
- BSP likely to stick to small rate hikes as inflation pressures begin to ease
- Non-residents continue to invest in the country, YTD foreign direct investment (FDI) level at US$1.7B
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BOND ISSUANCES