Philippines
Market Watch
| Close of March 4, 2026 |
Change From | |||
|---|---|---|---|---|
| Govt. Bond Yields | Latest Yield | Previous Day | Previous Week | YTD |
| 2 Year | 5.318 | ▲ 7.8 | ▲ 16.4 | ▼ 5.4 |
| 5 Year | 5.809 | ▲ 12.8 | ▲ 23.7 | ▲ 2.2 |
| 10 Year | 6.188 | ▲ 13.1 | ▲ 25.8 | ▲ 11.6 |
|
* Government bond yield changes are expressed in basis points. |
||||
| Currencies | Latest Rate | Previous Day | Previous Week | YTD |
| PHP per USD | 58.572 | ▼ 0.2 | ▼ 1.8 | ▲ 0.6 |
| PHP per JPY | 0.373 | ▼ 0.7 | ▼ 1.4 | ▲ 0.9 |
|
* Exchange rate changes are expressed as a percentage change. |
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| Interest Rates | Latest Rate | Previous Day | Previous Week | YTD |
| ON PHIREF | 4.251 | ▲ 0.2 | ▲ 0.8 | ▼ 21.9 |
|
* 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
- 4-5% growth likely this year as corruption fallout continues, says Teves
- UBS sees Philippine growth at low end of 5%-6% goal this year
- Seven-day term deposits fetch lower average rate
- Peso purchasing power hits record low at start of 2026
- February inflation climbs to 1-year high of 2.4%
Read full index for News and Commentary
BOND ISSUANCES