Philippines
Market Watch
| Close of July 7, 2025 |
Change From | |||
|---|---|---|---|---|
| Govt. Bond Yields | Latest Yield | Previous Day | Previous Week | YTD |
| 2 Year | 5.726 | ▼ 0.2 | ▲ 1.1 | ▼ 31.9 |
| 5 Year | 5.941 | ▲ 0.3 | ▲ 0.3 | ▼ 15.8 |
| 10 Year | 6.230 | ▼ 0.4 | ▼ 4.7 | ▲ 5.3 |
|
* Government bond yield changes are expressed in basis points. |
||||
| Currencies | Latest Rate | Previous Day | Previous Week | YTD |
| PHP per USD | 56.693 | ▼ 0.5 | ▼ 0.6 | ▲ 2.2 |
| PHP per JPY | 0.388 | ▲ 0.6 | ▲ 0.8 | ▼ 5.2 |
|
* Exchange rate changes are expressed as a percentage change. |
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| Interest Rates | Latest Rate | Previous Day | Previous Week | YTD |
| ON PHIREF | 5.658 | ◆ 0.0 | ◆ 0.0 | ◆ 0.0 |
|
* Interest rate changes are expressed in basis point change. |
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Policy Rates
| Change From | ||||
|---|---|---|---|---|
| Policy Rates | Latest Rate (19-Jun-2025) |
Previous Rate (10-Apr-2025) |
YTD Rate |
|
| BSP Overnight Borrowing (Reverse Repo) Rate |
5.250 | ▼ 25.0 | ▼ 50.0 | |
| BSP Overnight Lending (Repo) Rate |
5.750 | ▼ 25.0 | ▼ 50.0 | |
|
* 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 | 2024-08-14 | |
| RAM | BBB2 | stable | 2019-11-27 | |
| Non-Regional Rating Institutions | ||||
| Fitch | BBB | stable | 2023-05-22 | |
| S&P | BBB+ | stable | 2022-11-16 | |
NEWS HIGHLIGHTS
- HSBC sees peso at ?55 by year-end amid possible BSP rate cut to support services
- Peso may move sideways ahead of deadline for US trade negotiations
- Yields on government debt mixed after dovish comments from Bangko Sentral
- Benign inflation gives BSP room to cut
- Brokerage firms cut PSEi forecasts amid foreign investor exodus
Read full index for News and Commentary
BOND ISSUANCES