Last Update: 22 Sep 2021 20:15 GMT+0
The Philippines 10Y Government Bond has a 4.378% yield.
10 Years vs 2 Years bond spread is 234.3 bp. Normal Convexity in Long-Term vs Short-Term Maturities.
Central Bank Rate is 2.00% (last modification in November 2020).
The Philippines credit rating is BBB+, according to Standard & Poor's agency.
Current 5-Years Credit Default Swap quotation is 57.35 and implied probability of default is 0.96%.
| Yield Comparison | Spread | Curve Convexity | ||
|---|---|---|---|---|
| 2Y vs 1Y | 45 bp | Normal Convexity in Short-Term Maturities | ||
| 5Y vs 2Y | 77.1 bp | Normal Convexity in Mid-Term vs Short-Term Maturities | ||
| 10Y vs 2Y | 234.3 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
|
negative |
| DBRS |
-
|
- |
| Philippines Credit Ratings History | ||
| Interest Rates | |
|---|---|
| Central Bank Rate | 2.00% |
| Credit Default Swap | CDS Value | Var % 1W | Var % 1M | Var % 1Y | Implied PD | |
|---|---|---|---|---|---|---|
| 5 Years CDS | 57.35 | +9.24 % | +22.49 % | +19.01 % | 0.96 % |
Philippines 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 | 1.060% | +1.1 bp | -11.6 bp | ||||||
| 3 months | 1.094% | -1.6 bp | -15.4 bp | ||||||
| 6 months | 1.388% | -4.7 bp | -12.2 bp | ||||||
| 1 year | 1.585% | -0.9 bp | -27.6 bp | 98.44 | +0.01 % | +0.28 % | |||
| 2 years | 2.035% | -0.8 bp | -81.8 bp | 96.05 | +0.01 % | +1.61 % | |||
| 3 years | 2.378% | -2.0 bp | -51.1 bp | 93.19 | +0.05 % | +1.50 % | |||
| 4 years | 2.499% | -4.7 bp | -64.4 bp | 90.60 | +0.19 % | +2.54 % | |||
| 5 years | 2.806% | +11.3 bp | -52.6 bp | 87.08 | -0.55 % | +2.59 % | |||
| 7 years | 3.848% | +4.2 bp | -39.1 bp | 76.77 | -0.29 % | +2.66 % | |||
| 10 years | 4.378% | +19.5 bp | -32.9 bp | 65.15 | -1.85 % | +3.20 % | |||
| 20 years | 4.991% | -2.1 bp | -21.0 bp | 37.75 | +0.40 % | +4.08 % | |||
Philippines 10Y Bond Yield Spread
The Philippines 10Y Government Bond has a 4.378% 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. Instead, a negative spread is marked by a green circle.
Click on the values in "Current Spread" column, for the historical series of the spread.
Click on the "Compare" button, for a report with the full comparison between the two countries, with all the available data.
| Philippines 10Y vs | Current Spread | Chg 1M | Chg 6M | ||
|---|---|---|---|---|---|
| Germany 10Y | 470.5 bp | +2.7 bp | -31.1 bp | Compare | |
| France 10Y | 437.1 bp | +4.0 bp | -39.3 bp | Compare | |
| Japan 10Y | 434.6 bp | +16.9 bp | -28.4 bp | Compare | |
| Spain 10Y | 406.6 bp | +9.5 bp | -30.4 bp | Compare | |
| Italy 10Y | 371.4 bp | +7.8 bp | -34.8 bp | Compare | |
| United Kingdom 10Y | 357.9 bp | -7.8 bp | -31.1 bp | Compare | |
| Canada 10Y | 316.2 bp | +12.2 bp | +1.6 bp | Compare | |
| Australia 10Y | 313.2 bp | +1.8 bp | +18.4 bp | Compare | |
| United States 10Y | 307.1 bp | +14.3 bp | +5.9 bp | Compare | |
| China 10Y | 149.6 bp | +18.1 bp | +4.5 bp | Compare | |
| India 10Y | -176.0 bp | +29.1 bp | -28.7 bp | Compare | |
| Russia 10Y | -278.2 bp | -1.5 bp | -37.4 bp | Compare | |
| Brazil 10Y | -639.3 bp | +0.6 bp | -242.5 bp | Compare |
Philippines Government Bonds Prices
Price Simulation: bonds with a face value of 100, with different coupon rates. The highlighted column refers to the zero coupon bond.
For each maturity, the current market yield is shown.
| Residual Maturity |
Yield | Bond Price - with different Coupon Rates | ||||||
|---|---|---|---|---|---|---|---|---|
| 0% | 1% | 3% | 5% | 7% | 9% | |||
| 20 years | 4.991% | 37.75 | 50.23 | 75.17 | 100.11 | 125.06 | 150.00 | |
| 10 years | 4.378% | 65.15 | 73.11 | 89.03 | 104.95 | 120.87 | 136.79 | |
| 7 years | 3.848% | 76.77 | 82.81 | 94.88 | 106.95 | 119.03 | 131.10 | |
| 5 years | 2.806% | 87.08 | 91.68 | 100.89 | 110.10 | 119.31 | 128.52 | |
| 4 years | 2.499% | 90.60 | 94.36 | 101.88 | 109.41 | 116.93 | 124.46 | |
| 3 years | 2.378% | 93.19 | 96.06 | 101.78 | 107.51 | 113.23 | 118.96 | |
| 2 years | 2.035% | 96.05 | 97.99 | 101.87 | 105.75 | 109.63 | 113.52 | |
| 1 year | 1.585% | 98.44 | 99.42 | 101.39 | 103.36 | 105.33 | 107.30 | |
| Maturity Date | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | ||