Philippines
Market Watch
| Close of February 12, 2026 |
Change From | |||
|---|---|---|---|---|
| Govt. Bond Yields | Latest Yield | Previous Day | Previous Week | YTD |
| 2 Year | 5.189 | ▲ 0.3 | ▲ 2.9 | ▼ 18.3 |
| 5 Year | 5.616 | ▲ 0.1 | ▼ 0.3 | ▼ 17.2 |
| 10 Year | 5.958 | ▼ 0.4 | ▼ 0.3 | ▼ 11.4 |
|
* Government bond yield changes are expressed in basis points. |
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| Currencies | Latest Rate | Previous Day | Previous Week | YTD |
| PHP per USD | 58.108 | ▲ 0.3 | ▲ 1.0 | ▲ 1.4 |
| PHP per JPY | 0.380 | ▼ 0.0 | ▼ 1.8 | ▼ 1.1 |
|
* Exchange rate changes are expressed as a percentage change. |
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| Interest Rates | Latest Rate | Previous Day | Previous Week | YTD |
| ON PHIREF | 4.492 | ▲ 0.0 | ▼ 0.3 | ▲ 2.2 |
|
* Interest rate changes are expressed in basis point change. |
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Policy Rates
| Change From | ||||
|---|---|---|---|---|
| Policy Rates | Latest Rate (11-Dec-2025) |
Previous Rate (9-Oct-2025) |
YTD Rate |
|
| BSP Overnight Borrowing (Reverse Repo) Rate |
4.500 | ▼ 25.0 | ◆ 0.0 | |
| BSP Overnight Lending (Repo) Rate |
5.000 | ▼ 25.0 | ◆ 0.0 | |
|
* 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
- BPI raises P50 billion from SIGLA bonds
- BSP tweaks reserve requirement rules
- Philippines' debt cleanup stalled by elevated interest costs
- 2025 foreign investments fall 50%
Read full index for News and Commentary
BOND ISSUANCES