Philippines
Market Watch
| Close of October 30, 2024 |
Change From | |||
|---|---|---|---|---|
| Govt. Bond Yields | Latest Yield | Previous Day | Previous Week | YTD |
| 2 Year | 5.634 | ▲ 2.0 | ▲ 7.2 | ▼ 28.0 |
| 5 Year | 5.765 | ▲ 1.0 | ▲ 3.0 | ▼ 17.4 |
| 10 Year | 5.877 | ▲ 0.0 | ▼ 2.3 | ▼ 12.5 |
|
* Government bond yield changes are expressed in basis points. |
||||
| Currencies | Latest Rate | Previous Day | Previous Week | YTD |
| PHP per USD | 58.235 | ▲ 0.1 | ▼ 0.5 | ▼ 5.1 |
| PHP per JPY | 0.380 | ▲ 0.1 | ▼ 0.1 | ▲ 3.3 |
|
* 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 (16-Oct-2024) |
Previous Rate (15-Aug-2024) |
YTD Rate |
|
| BSP Overnight Borrowing (Reverse Repo) Rate |
6.000 | ▼ 25.0 | ▼ 50.0 | |
| BSP Overnight Lending (Repo) Rate |
6.500 | ▼ 25.0 | ▼ 50.0 | |
|
* 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 | 2024-08-14 | |
| RAM | BBB2 | stable | 2019-11-27 | |
| Non-Regional Rating Institutions | ||||
| Fitch | BBB | stable | 2023-05-22 | |
| S&P | BBB+ | stable | 2022-11-16 | |
NEWS HIGHLIGHTS
- Households reliant on remittances may be more vulnerable to shocks
- Yields on central bank’s term deposits go down
- NG debt hits record P15.89 trillion
- Treasury bureau fully awards reissued bonds at lower rates
- National government debt remains manageable at P15.89 trillion as of end-September 2024, with majority sourced locally
Read full index for News and Commentary
BOND ISSUANCES