Philippines
Market Watch
| Close of March 31, 2026 |
Change From | |||
|---|---|---|---|---|
| Govt. Bond Yields | Latest Yield | Previous Day | Previous Week | YTD |
| 2 Year | 6.028 | ▼ 0.5 | ▼ 16.7 | ▲ 65.5 |
| 5 Year | 6.706 | ▼ 1.8 | ▼ 16.1 | ▲ 91.9 |
| 10 Year | 6.931 | ▼ 4.8 | ▼ 12.7 | ▲ 85.9 |
|
* Government bond yield changes are expressed in basis points. |
||||
| Currencies | Latest Rate | Previous Day | Previous Week | YTD |
| PHP per USD | 60.744 | ▼ 0.0 | ▼ 1.3 | ▼ 3.0 |
| PHP per JPY | 0.383 | ▼ 0.6 | ▼ 1.3 | ▼ 1.7 |
|
* Exchange rate changes are expressed as a percentage change. |
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| Interest Rates | Latest Rate | Previous Day | Previous Week | YTD |
| ON RRP | 4.233 | ▼ 1.2 | ▼ 1.7 | ▼ 23.7 |
|
* 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
- Metrobank Bond Fund named Best Managed by CFA Society
- Philippines’ net external liability narrows to $50.8 billion at end-2025
- Peso hits new record low as war risks spook traders
- UOB expects no BSP rate hikes
- Philippine factory activity falls to 3-month low in March amid spike in energy costs
Read full index for News and Commentary
BOND ISSUANCES