Last Update: 1 Apr 2020 2:15 GMT+0
The Philippines 10Y Government Bond has a 5.127% yield.
10 Years vs 2 Years bond spread is 61.1 bp. Normal Convexity in Long-Term vs Short-Term Maturities.
Central Bank Rate is 3.25% (last modification in March 2020).
The Philippines credit rating is BBB+, according to Standard & Poor's agency.
Current 5-Years Credit Default Swap quotation is 109.88 and implied probability of default is 1.83%.
| Yield Comparison | Spread | Curve Convexity | ||
|---|---|---|---|---|
| 2Y vs 1Y | 96.3 bp | Normal Convexity in Short-Term Maturities | ||
| 5Y vs 2Y | 30 bp | Normal Convexity in Mid-Term vs Short-Term Maturities | ||
| 10Y vs 2Y | 61.1 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
|
positive |
| DBRS |
-
|
- |
| Philippines Credit Ratings History | ||
| Interest Rates | |
|---|---|
| Central Bank Rate | 3.25% |
| Credit Default Swap | CDS Value | Var % 1W | Var % 1M | Var % 1Y | Implied PD | |
|---|---|---|---|---|---|---|
| 5 Years CDS | 109.88 | -15.22 % | +101.61 % | +86.49 % | 1.83 % |
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 | 3.144% | +9.9 bp | +17.9 bp | ||||||
| 3 months | 3.275% | +16.3 bp | +12.5 bp | ||||||
| 6 months | 3.459% | +7.3 bp | +14.8 bp | ||||||
| 1 year | 3.553% | -22.3 bp | -13.7 bp | 96.57 | +0.22 % | +0.13 % | |||
| 2 years | 4.516% | +57.0 bp | +49.0 bp | 91.54 | -1.09 % | -0.94 % | |||
| 3 years | 4.662% | +69.3 bp | +55.3 bp | 87.22 | -1.98 % | -1.58 % | |||
| 4 years | 4.740% | +71.3 bp | +51.8 bp | 83.09 | -2.69 % | -1.96 % | |||
| 5 years | 4.816% | +71.9 bp | +45.9 bp | 79.04 | -3.39 % | -2.18 % | |||
| 7 years | 4.896% | +63.9 bp | +34.1 bp | 71.56 | -4.19 % | -2.25 % | |||
| 10 years | 5.127% | +67.4 bp | +46.4 bp | 60.65 | -6.23 % | -4.34 % | |||
| 20 years | 5.213% | +41.2 bp | +16.2 bp | 36.19 | -7.56 % | -3.03 % | |||
| 25 years | 5.489% | +58.4 bp | +28.9 bp | 26.29 | -12.98 % | -6.64 % | |||
10Y Bond Yield Spread - Philippines vs Main Countries
The Philippines 10Y Government Bond has a 5.127% 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 | 560.9 bp | +54.7 | +40.1 | ||
| France 10Y | 515.0 bp | +40.4 | +22.5 | ||
| Japan 10Y | 512.0 bp | +51.8 | +30.4 | ||
| United Kingdom 10Y | 476.5 bp | +76.0 | +61.4 | ||
| Spain 10Y | 446.8 bp | +29.7 | -0.8 | ||
| United States 10Y | 446.7 bp | +117.7 | +144.4 | ||
| Canada 10Y | 443.3 bp | +111.0 | +111.8 | ||
| Australia 10Y | 442.8 bp | +67.1 | +72.2 | ||
| Italy 10Y | 361.6 bp | +24.9 | -18.2 | ||
| China 10Y | 249.1 bp | +83.3 | +98.3 | ||
| India 10Y | -101.1 bp | +90.7 | +98.3 | ||
| Russia 10Y | -162.8 bp | +38.9 | +73.9 | ||
| Brazil 10Y | -249.1 bp | -19.3 | -5.9 |
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 | 5.489% | 26.29 | 39.72 | 66.58 | 93.43 | 120.29 | 147.15 | |
| 20 years | 5.213% | 36.19 | 48.43 | 72.91 | 97.39 | 121.87 | 146.35 | |
| 10 years | 5.127% | 60.65 | 68.33 | 83.68 | 99.03 | 114.37 | 129.72 | |
| 7 years | 4.896% | 71.56 | 77.37 | 88.99 | 100.60 | 112.22 | 123.84 | |
| 5 years | 4.816% | 79.04 | 83.39 | 92.10 | 100.80 | 109.50 | 118.21 | |
| 4 years | 4.740% | 83.09 | 86.66 | 93.79 | 100.93 | 108.06 | 115.20 | |
| 3 years | 4.662% | 87.22 | 89.96 | 95.45 | 100.93 | 106.41 | 111.89 | |
| 2 years | 4.516% | 91.54 | 93.42 | 97.16 | 100.91 | 104.65 | 108.40 | |
| 1 year | 3.553% | 96.57 | 97.53 | 99.47 | 101.40 | 103.33 | 105.26 | |
| Maturity Date | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | ||