Philippines
Market Watch
| Close of October 1, 2025 |
Change From | |||
|---|---|---|---|---|
| Govt. Bond Yields | Latest Yield | Previous Day | Previous Week | YTD |
| 2 Year | 5.571 | ▲ 0.6 | ▲ 3.5 | ▼ 47.4 |
| 5 Year | 5.864 | ▼ 0.1 | ▲ 6.0 | ▼ 23.4 |
| 10 Year | 6.024 | ▼ 0.9 | ▲ 2.6 | ▼ 15.3 |
|
* Government bond yield changes are expressed in basis points. |
||||
| Currencies | Latest Rate | Previous Day | Previous Week | YTD |
| PHP per USD | 58.151 | ▲ 0.1 | ▼ 1.2 | ▼ 0.3 |
| PHP per JPY | 0.395 | ▼ 0.5 | ▼ 2.4 | ▼ 7.2 |
|
* 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 (28-Aug-2025) |
Previous Rate (19-Jun-2025) |
YTD Rate |
|
| BSP Overnight Borrowing (Reverse Repo) Rate |
5.000 | ▼ 25.0 | ▼ 75.0 | |
| BSP Overnight Lending (Repo) Rate |
5.500 | ▼ 25.0 | ▼ 75.0 | |
|
* 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 | 2024-11-26 | |
NEWS HIGHLIGHTS
- Philippine Bonds Supported by Favorable Demand-Supply Dynamics
- TDF yields drop further
- Philippine Corruption Scandal Darkens Outlook for One of Asia’s Growth Stars
- Factory activity shrinks in September
- BSP sees wider BoP, current account deficits until 2026
Read full index for News and Commentary
BOND ISSUANCES