Philippines
Market Watch
| Close of June 1, 2020 |
Change From | |||
|---|---|---|---|---|
| Govt. Bond Yields | Latest Yield | Previous Day | Previous Week | YTD |
| 2 Year | 2.548 | ▲ 1.1 | ▼ 18.8 | ▼ 119.0 |
| 5 Year | 2.789 | ▲ 2.7 | ▼ 14.1 | ▼ 127.2 |
| 10 Year | 3.204 | ▲ 5.6 | ▼ 7.5 | ▼ 125.7 |
|
* Government bond yield changes are expressed in basis points. |
||||
| Currencies | Latest Rate | Previous Day | Previous Week | YTD |
| PHP per USD | 50.328 | ▲ 0.5 | ▲ 1.0 | ▲ 0.6 |
| PHP per JPY | 0.468 | ▲ 0.3 | ▲ 0.8 | ▼ 0.3 |
|
* Exchange rate changes are expressed as a percentage change. |
||||
| Interest Rates | Latest Rate | Previous Day | Previous Week | YTD |
| ON PHIREF | 0.220 | ▼ 15.9 | ▲ 57.8 | ▲ 711.4 |
| 3M PHIREF | 1.431 | ▼ 9.8 | ▼ 8.0 | ▼ 162.4 |
|
* Interest rate changes are expressed in basis point change. |
||||
Policy Rates
| Change From | ||||
|---|---|---|---|---|
| Policy Rates | Latest Rate (16-Apr-2020) |
Previous Rate (19-Mar-2020) |
YTD Rate |
|
| BSP Overnight Borrowing (Reverse Repo) Rate |
2.750 | ▼ 50.0 | ▼ 125.0 | |
| BSP Overnight Lending (Repo) Rate |
3.250 | ▼ 50.0 | ▼ 125.0 | |
|
* Policy rate changes are expressed in basis point change. |
||||
Sovereign Ratings
| Agency | Rating | Outlook | Date | |
|---|---|---|---|---|
| Regional Rating Institutions | ||||
| R&I | BBB+ | stable | 2020-02-07 | |
| RAM | BBB2 | stable | 2019-11-27 | |
| Non-Regional Rating Institutions | ||||
| Fitch | BBB | positive | 2020-02-11 | |
| S&P | BBB+ | stable | 2019-04-30 | |
- Size of LCY Bond Market
- Size of LCY Bond Market in % of GDP
- Monthly Bonds Outstanding in USD
- FCY Bonds Outstanding
- Breakdown of LCY Bond Market Issuance
- G3 Currency Bond Issuance
- Government Securities Maturity Profile - LCY
- Corporate Securities Maturity Profile - LCY
- Trading Volume
- Interest Rate Spread - 2yrs vs 10yrs - LCY Bond
- Yield Volatility - 10yr LCY Bonds
- Bid-Ask Spreads (Survey data)
- Government Bond Market Structural Issues
- Corporate Bond Market Structural Issues
ASEAN+3 Bond Market Guide
ASEAN+3 Bond Market Guide 2017: Philippines
ASEAN+3 Bond Market Guide is a comprehensive explanation of the region's bond markets. It provides
information such as the history, legal and regulatory framework, specific characteristics of the market,
trading and transaction (including settlement systems), and other relevant information. The Bond
Market Guide 2017 for the Philippines is an outcome of the support and contributions of ASEAN+3
Bond Market Forum members and experts, particularly from the Philippines.
Download Report
ASEAN+3 Multi-Currency Bond Issuance Framework
Implementation Guidelines for the Philippines
February 2020
The ASEAN+3 Multi-Currency Bond Issuance Framework (AMBIF) Implementation Guidelines for the Philippines are provided to review the AMBIF Elements and detail the corresponding features of the Philippine market in relation to each element.
Download Report
Implementation Guidelines for the Philippines
August 2015
The ASEAN+3 Multi-Currency Bond Issuance Framework (AMBIF) Implementation Guidelines for the Philippines are provided to review the AMBIF Elements and detail the corresponding features of the Philippine market in relation to each element.
Download Report
| * Download previous issues PDF | ||||
|---|---|---|---|---|
| 2020 | Mar | |||
| 2019 | Nov | Sep | Jun | Mar |
| 2018 | Nov | Sep | Jun | Mar |
| 2017 | Nov | Sep | Jun | Mar |
| 2016 | Nov | Sep | Jun | Mar |
| 2015 | Nov | Sep | Jun | Mar |
| 2014 | Nov | Sep | Jun | Mar |
| 2013 | Nov | Sep | Jun | Mar |
| 2012 | Nov | Sep | Apr | |
| 2011 | Nov | Sep | Mar | |
| 2010 | Nov | Oct | Jul | Mar |
| 2009 | Nov | Sep | ||
Market Summary
Size and Composition
The amount of local currency (LCY) bonds outstanding in the Philippine market fell 0.8% quarter-on-quarter (q-o-q) in the fourth quarter (Q4) of 2019 to PHP6,645.8 billion (USD131.2 billion) at the end of December, led by a decline in the outstanding stock of government bonds. LCY government bonds fell 2.1% q-o-q to PHP5,141.1 billion, while the corporate bond market expanded 4.0% q-o-q to PHP1,504.7 billion. On a year-on-year basis, the Philippine LCY bond market grew 9.0%.
Corporate Bond Issuance
Corporate bond issuance in the Philippines surged 42.4% q-o-q to PHP106.4 billion in Q4 2019 from PHP74.7 billion in the previous quarter.
Refine Search
421 - 440 of 474 results
- Summary Inflation Report Consumer Price Index (2012=100): June 2019
Philippine Statistics Authority
2019-07-05 - Central bank chief sees 'a lot of policy space'
Business World
2019-07-04 - Peso rises anew vs dollar
Business World
2019-07-04 - Yields on term deposits decline as offer attracts strong demand
Business World
2019-07-04 - Gov't makes full award of 3-year T-bonds
Business World
2019-07-03 - Peso appreciation to slow in the near term ahead of BSP easing
Business World
2019-07-02 - Peso appreciation to slow in the near term ahead of BSP easing
Business World
2019-07-02 - Three-year bonds to fetch lower rates on strong market demand
Business World
2019-07-01 - Yields on government debt decline on Fed, BSP rate cut expectations
Business World
2019-07-01 - Analysts expect slower price hike in June
Business World
2019-07-01 - Security Bank raises P18-B from oversubscribed two-year peso bonds
Business World
2019-06-28 - Month-Ahead Inflation Forecast for June 2019
Bangko Sentral ng Pilipinas
2019-06-28 - Bids for BSP's term deposits drop
Business World
2019-06-27 - S&P slashes Philippine growth projection further
Business World
2019-06-27 - Gov't to borrow less next quarter
Business World
2019-06-27 - Gov't makes full award of T-bills as rates drop
Business World
2019-06-26 - BPI establishes green finance framework
Business World
2019-06-25 - T-bill rates seen moving sideways at BTr auction
Business World
2019-06-24 - Yields on gov't debt drop on dovish Fed, BSP meet
Business World
2019-06-24 - PNB to raise $750M via fixed-rate notes
Business World
2019-06-21