Last Update: 16 Jul 2020 16:15 GMT+0
The Philippines 10Y Government Bond has a 2.695% yield.
10 Years vs 2 Years bond spread is 76.2 bp. Normal Convexity in Long-Term vs Short-Term Maturities.
Central Bank Rate is 2.25% (last modification in June 2020).
The Philippines credit rating is BBB+, according to Standard & Poor's agency.
Current 5-Years Credit Default Swap quotation is 60.71 and implied probability of default is 1.01%.
| Yield Comparison | Spread | Curve Convexity | ||
|---|---|---|---|---|
| 2Y vs 1Y | 17.7 bp | Normal Convexity in Short-Term Maturities | ||
| 5Y vs 2Y | 39.2 bp | Normal Convexity in Mid-Term vs Short-Term Maturities | ||
| 10Y vs 2Y | 76.2 bp | Normal Convexity in Long-Term vs Short-Term Maturities | ||
| Rating Agency | Rating | Outlook |
|---|---|---|
| Standard & Poor's |
BBB+
|
- |
| Moody's Investors Service |
Baa2
|
- |
| Fitch Ratings |
BBB
|
- |
| DBRS |
-
|
- |
| Philippines Credit Ratings History | ||
| Interest Rates | |
|---|---|
| Central Bank Rate | 2.25% |
| Credit Default Swap | CDS Value | Var % 1W | Var % 1M | Var % 1Y | Implied PD | |
|---|---|---|---|---|---|---|
| 5 Years CDS | 60.71 | -1.92 % | -14.69 % | +27.03 % | 1.01 % |
Philippines Government Bonds
List of available Government Bonds. Click on the "Residual Maturity" link to get historical serie. Click on the Forecast link
, to see preditions of bond yield.
Price refers to a hypothetical zero coupon bond, with a face value 100.
| Residual Maturity |
Yield | ZC Price | Fx | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Last | Chg 1M | Chg 6M | Last | Chg 1M | Chg 6M | ||||
| 1 month | 1.485% | -47.9 bp | -173.8 bp | ||||||
| 3 months | 1.512% | -50.7 bp | -184.9 bp | ||||||
| 6 months | 1.614% | -43.9 bp | -197.1 bp | ||||||
| 1 year | 1.756% | -54.7 bp | -200.1 bp | 98.27 | +0.53 % | +1.96 % | |||
| 2 years | 1.933% | -59.5 bp | -222.1 bp | 96.24 | +1.17 % | +4.40 % | |||
| 3 years | 2.096% | -59.9 bp | -223.1 bp | 93.97 | +1.78 % | +6.70 % | |||
| 4 years | 2.215% | -50.2 bp | -218.8 bp | 91.61 | +1.98 % | +8.84 % | |||
| 5 years | 2.325% | -40.8 bp | -217.7 bp | 89.14 | +2.00 % | +11.09 % | |||
| 7 years | 2.461% | -53.4 bp | -223.5 bp | 84.35 | +3.70 % | +16.30 % | |||
| 10 years | 2.695% | -68.9 bp | -215.3 bp | 76.65 | +6.92 % | +23.05 % | |||
| 20 years | 3.395% | -54.0 bp | -195.5 bp | 51.29 | +10.99 % | +45.46 % | |||
| 25 years | 3.875% | -41.7 bp | -152.2 bp | 38.66 | +10.55 % | +43.88 % | |||
10Y Bond Yield Spread - Philippines vs Main Countries
The Philippines 10Y Government Bond has a 2.695% yield. Click on Spread value for the historical serie.
A positive spread (marked by a red circle) means that the 10Y Bond Yield is higher than the corresponding foreign bond.
Clicking on the "Full Country Comparison" link, you can perform a full check of available data and see the differences between the countries.
| Philippines 10Y vs | Current Spread | Chg 1M | Chg 6M | Country Full Comparison |
|
|---|---|---|---|---|---|
| Germany 10Y | 316.3 bp | -65.1 | -190.7 | ||
| France 10Y | 285.0 bp | -58.4 | -196.0 | ||
| Japan 10Y | 268.5 bp | -68.5 | -215.2 | ||
| United Kingdom 10Y | 255.9 bp | -62.1 | -164.8 | ||
| Spain 10Y | 229.2 bp | -56.2 | -209.6 | ||
| Canada 10Y | 218.7 bp | -64.8 | -110.3 | ||
| United States 10Y | 209.0 bp | -55.3 | -94.9 | ||
| Australia 10Y | 182.1 bp | -63.6 | -183.4 | ||
| Italy 10Y | 145.2 bp | -57.7 | -198.3 | ||
| China 10Y | -34.3 bp | -87.4 | -204.3 | ||
| India 10Y | -311.8 bp | -65.6 | -136.8 | ||
| Russia 10Y | -314.5 bp | -94.4 | -178.3 | ||
| Brazil 10Y | -376.2 bp | -53.0 | -176.6 |
Philippines Government Bonds Prices
Price Simulation: bonds with a face value of 100, with different coupon rates. The overall yield is the current market yield. The highlighted column refers to the zero coupon bond.
| Residual Maturity |
Yield | Bond Price - with different Coupon Rates | ||||||
|---|---|---|---|---|---|---|---|---|
| 0% | 1% | 3% | 5% | 7% | 9% | |||
| 25 years | 3.875% | 38.66 | 54.49 | 86.15 | 117.81 | 149.47 | 181.13 | |
| 20 years | 3.395% | 51.29 | 65.64 | 94.33 | 123.03 | 151.73 | 180.42 | |
| 10 years | 2.695% | 76.65 | 85.31 | 102.64 | 119.97 | 137.30 | 154.63 | |
| 7 years | 2.461% | 84.35 | 90.71 | 103.43 | 116.15 | 128.86 | 141.58 | |
| 5 years | 2.325% | 89.14 | 93.81 | 103.15 | 112.49 | 121.83 | 131.17 | |
| 4 years | 2.215% | 91.61 | 95.40 | 102.97 | 110.55 | 118.13 | 125.70 | |
| 3 years | 2.096% | 93.97 | 96.85 | 102.60 | 108.36 | 114.12 | 119.87 | |
| 2 years | 1.933% | 96.24 | 98.19 | 102.07 | 105.96 | 109.85 | 113.73 | |
| 1 year | 1.756% | 98.27 | 99.26 | 101.22 | 103.19 | 105.15 | 107.12 | |
| Maturity Date | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | ||