Philippines
Market Watch
| Close of March 18, 2026 |
Change From | |||
|---|---|---|---|---|
| Govt. Bond Yields | Latest Yield | Previous Day | Previous Week | YTD |
| 2 Year | 5.918 | ▲ 5.6 | ▲ 25.6 | ▲ 54.6 |
| 5 Year | 6.542 | ▲ 3.6 | ▲ 27.1 | ▲ 75.4 |
| 10 Year | 6.785 | ▼ 2.8 | ▲ 24.6 | ▲ 71.3 |
|
* Government bond yield changes are expressed in basis points. |
||||
| Currencies | Latest Rate | Previous Day | Previous Week | YTD |
| PHP per USD | 59.530 | ▲ 0.5 | ▼ 0.7 | ▼ 1.0 |
| PHP per JPY | 0.372 | ▲ 1.0 | ▼ 0.1 | ▲ 1.0 |
|
* Exchange rate changes are expressed as a percentage change. |
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| Interest Rates | Latest Rate | Previous Day | Previous Week | YTD |
| ON RRP | 4.247 | ▼ 0.0 | ▼ 0.1 | ▼ 22.3 |
|
* 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
- Peso strengthens to P59.52 on easing oil prices
- BSP’s 7-day term deposit yields rise
- UA&P economist: Fuel tax holiday could cut inflation by 0.38%
- Peso breach of ₱60 puts BSP easing cycle in jeopardy
- BSP tracks Mideast war impact on PHL
Read full index for News and Commentary
BOND ISSUANCES