Philippines
Market Watch
| Close of March 24, 2026 |
Change From | |||
|---|---|---|---|---|
| Govt. Bond Yields | Latest Yield | Previous Day | Previous Week | YTD |
| 2 Year | 6.195 | ▲ 2.2 | ▲ 33.3 | ▲ 82.2 |
| 5 Year | 6.867 | ▲ 11.3 | ▲ 36.1 | ▲ 107.9 |
| 10 Year | 7.058 | ▼ 8.1 | ▲ 24.5 | ▲ 98.5 |
|
* Government bond yield changes are expressed in basis points. |
||||
| Currencies | Latest Rate | Previous Day | Previous Week | YTD |
| PHP per USD | 59.943 | ▲ 0.6 | ▼ 0.2 | ▼ 1.7 |
| PHP per JPY | 0.378 | ▲ 0.8 | ▼ 0.4 | ▼ 0.4 |
|
* Exchange rate changes are expressed as a percentage change. |
||||
| Interest Rates | Latest Rate | Previous Day | Previous Week | YTD |
| ON RRP | 4.249 | ▲ 0.2 | ▲ 0.2 | ▼ 22.1 |
|
* Interest rate changes are expressed in basis point change. |
||||
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. |
||||
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 says inflation may exceed 4% this year if oil prices stay high, impacting GDP
- Marcos Won’t Spend All Reserves on Peso, Sees 6% Growth by 2028
- Metrobank closes ASEAN bond offering a week early due to strong demand
- BSP bills fetch higher average rate on weak demand
- Moody’s Analytics trims Philippines growth forecasts
Read full index for News and Commentary
BOND ISSUANCES