Philippines
Market Watch
| Close of February 19, 2026 |
Change From | |||
|---|---|---|---|---|
| Govt. Bond Yields | Latest Yield | Previous Day | Previous Week | YTD |
| 2 Year | 5.144 | ▼ 0.3 | ▼ 4.5 | ▼ 22.8 |
| 5 Year | 5.600 | ▲ 2.2 | ▼ 1.6 | ▼ 18.8 |
| 10 Year | 5.968 | ▲ 4.0 | ▲ 1.0 | ▼ 10.5 |
|
* Government bond yield changes are expressed in basis points. |
||||
| Currencies | Latest Rate | Previous Day | Previous Week | YTD |
| PHP per USD | 58.006 | ▼ 0.2 | ▲ 0.2 | ▲ 1.6 |
| PHP per JPY | 0.374 | ▼ 0.2 | ▲ 1.6 | ▲ 0.5 |
|
* Exchange rate changes are expressed as a percentage change. |
||||
| Interest Rates | Latest Rate | Previous Day | Previous Week | YTD |
| ON PHIREF | 4.491 | ▼ 1.1 | ▼ 0.1 | ▲ 2.1 |
|
* Interest rate changes are expressed in basis point change. |
||||
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
- BSP rate easing cycle seen extending as growth risks mount
- Peso snaps five-day climb on hawkish Fed hints, BSP cut
- Peso soars to near five-month high as US-Iran talks soothe sentiment
- Yields on term deposits drop before BSP review
Read full index for News and Commentary
BOND ISSUANCES