Last Update: 27 Jan 2020 19:15 GMT+0
The Philippines 10Y Government Bond has a 4.656% yield.
10 Years vs 2 Years bond spread is 45.8 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 38.32 and implied probability of default is 0.64%.
| Yield Comparison | Spread | Curve Convexity | ||
|---|---|---|---|---|
| 2Y vs 1Y | 33.3 bp | Normal Convexity in Short-Term Maturities | ||
| 5Y vs 2Y | 32.9 bp | Normal Convexity in Mid-Term vs Short-Term Maturities | ||
| 10Y vs 2Y | 45.8 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 | 38.32 | +15.77 % | +12.31 % | -51.10 % | 0.64 % |
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 | 3.234% | +7.6 bp | -54.7 bp | ||||||
| 3 months | 3.272% | +7.8 bp | -66.2 bp | ||||||
| 6 months | 3.538% | +16.1 bp | -62.8 bp | ||||||
| 1 year | 3.865% | +41.0 bp | -54.0 bp | 96.28 | -0.39 % | +0.52 % | |||
| 2 years | 4.198% | +41.4 bp | -32.9 bp | 92.10 | -0.80 % | +0.62 % | |||
| 3 years | 4.322% | +45.3 bp | -26.9 bp | 88.08 | -1.30 % | +0.78 % | |||
| 4 years | 4.402% | +50.8 bp | -23.2 bp | 84.17 | -1.93 % | +0.89 % | |||
| 5 years | 4.527% | +49.8 bp | -18.4 bp | 80.14 | -2.36 % | +0.88 % | |||
| 7 years | 4.650% | +26.7 bp | -6.8 bp | 72.75 | -1.77 % | +0.46 % | |||
| 10 years | 4.656% | +17.3 bp | -10.0 bp | 63.44 | -1.64 % | +0.95 % | |||
| 20 years | 5.213% | -1.0 bp | +18.6 bp | 36.19 | +0.19 % | -3.49 % | |||
| 25 years | 5.253% | 0.0 bp | +11.3 bp | 27.81 | 0.00 % | -2.63 % | |||
10Y Bond Yield Spread - Philippines vs Main Countries
The Philippines 10Y Government Bond has a 4.656% 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 | 504.3 bp | +30.7 | -9.0 | ||
| France 10Y | 478.5 bp | +35.0 | -9.2 | ||
| Japan 10Y | 469.1 bp | +20.2 | -21.6 | ||
| Spain 10Y | 437.8 bp | +29.6 | -0.5 | ||
| United Kingdom 10Y | 414.4 bp | +41.5 | +7.7 | ||
| Australia 10Y | 368.5 bp | +52.1 | +15.1 | ||
| Italy 10Y | 360.9 bp | +48.4 | +42.2 | ||
| Canada 10Y | 334.2 bp | +46.2 | +5.2 | ||
| United States 10Y | 305.1 bp | +44.5 | +36.9 | ||
| China 10Y | 162.2 bp | +31.7 | +4.1 | ||
| Russia 10Y | -160.9 bp | +18.8 | +94.5 | ||
| India 10Y | -189.5 bp | +12.2 | -12.6 | ||
| Brazil 10Y | -209.4 bp | +28.6 | +38.0 |
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 | 5.253% | 27.81 | 41.55 | 69.04 | 96.52 | 124.01 | 151.50 | |
| 20 years | 5.213% | 36.19 | 48.43 | 72.91 | 97.39 | 121.87 | 146.35 | |
| 10 years | 4.656% | 63.44 | 71.29 | 87.00 | 102.70 | 118.41 | 134.11 | |
| 7 years | 4.650% | 72.75 | 78.61 | 90.33 | 102.05 | 113.77 | 125.49 | |
| 5 years | 4.527% | 80.14 | 84.53 | 93.30 | 102.07 | 110.85 | 119.62 | |
| 4 years | 4.402% | 84.17 | 87.77 | 94.96 | 102.15 | 109.34 | 116.53 | |
| 3 years | 4.322% | 88.08 | 90.84 | 96.35 | 101.87 | 107.39 | 112.90 | |
| 2 years | 4.198% | 92.10 | 93.99 | 97.75 | 101.51 | 105.27 | 109.03 | |
| 1 year | 3.865% | 96.28 | 97.24 | 99.17 | 101.09 | 103.02 | 104.94 | |
| Maturity Date | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | ||