Last Update: 16 Dec 2019 3:15 GMT+0
The Philippines 10Y Government Bond has a 4.600% yield.
10 Years vs 2 Years bond spread is 82.9 bp. Normal Convexity in Long-Term vs Short-Term Maturities.
Central Bank Rate is 4.00% (last modification in September 2019).
The Philippines credit rating is BBB+, according to Standard & Poor's agency.
Current 5-Years Credit Default Swap quotation is 37.59 and implied probability of default is 0.63%.
| Yield Comparison | Spread | Curve Convexity | ||
|---|---|---|---|---|
| 2Y vs 1Y | 31.4 bp | Normal Convexity in Short-Term Maturities | ||
| 5Y vs 2Y | 36.5 bp | Normal Convexity in Mid-Term vs Short-Term Maturities | ||
| 10Y vs 2Y | 82.9 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 | 4.00% |
| Credit Default Swap | CDS Value | Var % 1W | Var % 1M | Var % 1Y | Implied PD | |
|---|---|---|---|---|---|---|
| 5 Years CDS | 37.59 | -5.84 % | -7.71 % | -54.36 % | 0.63 % |
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 | 3.159% | +0.3 bp | -134.6 bp | ||||||
| 3 months | 3.228% | +1.8 bp | -137.8 bp | ||||||
| 6 months | 3.376% | +3.7 bp | -144.9 bp | ||||||
| 1 year | 3.457% | -2.5 bp | -156.3 bp | 96.66 | +0.02 % | +1.51 % | |||
| 2 years | 3.771% | -21.6 bp | -131.2 bp | 92.86 | +0.41 % | +2.54 % | |||
| 3 years | 3.860% | -17.8 bp | -127.8 bp | 89.26 | +0.52 % | +3.74 % | |||
| 4 years | 3.979% | -20.3 bp | -120.9 bp | 85.55 | +0.79 % | +4.74 % | |||
| 5 years | 4.136% | -8.0 bp | -106.1 bp | 81.66 | +0.39 % | +5.20 % | |||
| 7 years | 4.448% | -12.8 bp | -75.2 bp | 73.74 | +0.86 % | +5.15 % | |||
| 10 years | 4.600% | -13.5 bp | -67.7 bp | 63.78 | +1.30 % | +6.66 % | |||
| 20 years | 5.275% | +4.9 bp | -12.5 bp | 35.77 | -0.91 % | +2.40 % | |||
| 25 years | 5.325% | +8.2 bp | -9.9 bp | 27.33 | -1.94 % | +2.36 % | |||
10Y Bond Yield Spread - Philippines vs Main Countries
The Philippines 10Y Government Bond has a 4.600% 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 | 490.0 bp | -17.0 | -63.1 | ||
| Japan 10Y | 462.2 bp | -17.3 | -78.5 | ||
| France 10Y | 460.5 bp | -15.5 | -58.2 | ||
| Spain 10Y | 419.7 bp | -10.0 | -58.1 | ||
| United Kingdom 10Y | 381.5 bp | -19.4 | -61.2 | ||
| Australia 10Y | 343.2 bp | -14.1 | -47.5 | ||
| Italy 10Y | 334.6 bp | -6.3 | +38.8 | ||
| Canada 10Y | 301.7 bp | -23.2 | -82.5 | ||
| United States 10Y | 276.2 bp | -13.7 | -43.1 | ||
| China 10Y | 138.1 bp | -8.4 | -61.7 | ||
| Russia 10Y | -175.0 bp | -3.5 | +63.3 | ||
| Brazil 10Y | -213.8 bp | -21.4 | +51.5 | ||
| India 10Y | -218.2 bp | -39.8 | -54.0 |
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 | 5.325% | 27.33 | 40.98 | 68.27 | 95.57 | 122.86 | 150.15 | |
| 20 years | 5.275% | 35.77 | 47.94 | 72.30 | 96.65 | 121.00 | 145.36 | |
| 10 years | 4.600% | 63.78 | 71.65 | 87.40 | 103.15 | 118.90 | 134.65 | |
| 7 years | 4.448% | 73.74 | 79.64 | 91.45 | 103.26 | 115.07 | 126.87 | |
| 5 years | 4.136% | 81.66 | 86.09 | 94.96 | 103.83 | 112.70 | 121.57 | |
| 4 years | 3.979% | 85.55 | 89.18 | 96.44 | 103.71 | 110.97 | 118.23 | |
| 3 years | 3.860% | 89.26 | 92.04 | 97.61 | 103.17 | 108.74 | 114.30 | |
| 2 years | 3.771% | 92.86 | 94.76 | 98.54 | 102.33 | 106.11 | 109.89 | |
| 1 year | 3.457% | 96.66 | 97.63 | 99.56 | 101.49 | 103.42 | 105.36 | |
| Maturity Date | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | ||