Philippines
Market Watch
| Close of March 16, 2026 |
Change From | |||
|---|---|---|---|---|
| Govt. Bond Yields | Latest Yield | Previous Day | Previous Week | YTD |
| 2 Year | 5.796 | ▲ 10.9 | ▲ 24.2 | ▲ 42.4 |
| 5 Year | 6.418 | ▲ 11.7 | ▲ 28.9 | ▲ 63.0 |
| 10 Year | 6.742 | ▲ 11.7 | ▲ 29.4 | ▲ 66.9 |
|
* Government bond yield changes are expressed in basis points. |
||||
| Currencies | Latest Rate | Previous Day | Previous Week | YTD |
| PHP per USD | 59.898 | ▼ 0.3 | ▼ 0.7 | ▼ 1.6 |
| PHP per JPY | 0.377 | ▼ 0.7 | ▲ 0.2 | ▼ 0.1 |
|
* Exchange rate changes are expressed as a percentage change. |
||||
| Interest Rates | Latest Rate | Previous Day | Previous Week | YTD |
| ON PHIREF | 4.247 | ◆ 0.0 | ▼ 0.1 | ▼ 22.3 |
|
* Interest rate changes are expressed in basis point change. |
||||
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. |
||||
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
- Metrobank offers ASEAN sustainability bonds to raise at least ₱5 billion
- Oil Shock May Spur April Rate Hike, Spending Cuts in Philippines
- RCBC shuts sustainability bond offer early on strong demand
- Peso dips to record as oil surges, fails to hit P60 as BSP intervenes
- SMIC, SM Prime eye overseas bond market to fund expansion plans
Read full index for News and Commentary
BOND ISSUANCES