Last Update: 4 Mar 2021 21:15 GMT+0
The Philippines 10Y Government Bond has a 4.043% yield.
10 Years vs 2 Years bond spread is 176.8 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 | 61.8 bp | Normal Convexity in Short-Term Maturities | ||
| 5Y vs 2Y | 69.3 bp | Normal Convexity in Mid-Term vs Short-Term Maturities | ||
| 10Y vs 2Y | 176.8 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 | 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
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 | 0.601% | -29.3 bp | -50.6 bp | ||||||
| 3 months | 1.048% | +22.1 bp | -13.8 bp | ||||||
| 6 months | 1.242% | +10.6 bp | -19.9 bp | ||||||
| 1 year | 1.657% | +31.9 bp | -10.9 bp | 98.37 | -0.31 % | +0.11 % | |||
| 2 years | 2.275% | +32.5 bp | +19.1 bp | 95.60 | -0.63 % | -0.38 % | |||
| 3 years | 2.411% | +41.6 bp | +13.3 bp | 93.10 | -1.22 % | -0.40 % | |||
| 4 years | 2.649% | +30.8 bp | +17.4 bp | 90.07 | -1.20 % | -0.67 % | |||
| 5 years | 2.968% | +32.0 bp | +26.7 bp | 86.40 | -1.54 % | -1.28 % | |||
| 7 years | 3.644% | +78.9 bp | +84.8 bp | 77.84 | -5.20 % | -5.59 % | |||
| 10 years | 4.043% | +92.9 bp | +111.1 bp | 67.28 | -8.57 % | -10.17 % | |||
| 20 years | 5.138% | +109.4 bp | +157.4 bp | 36.71 | -18.87 % | -26.05 % | |||
10Y Bond Yield Spread - Philippines vs Main Countries
The Philippines 10Y Government Bond has a 4.043% 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 | 433.6 bp | +76.6 | +93.8 | ||
| France 10Y | 407.9 bp | +72.6 | +97.7 | ||
| Japan 10Y | 391.2 bp | +85.2 | +101.7 | ||
| Spain 10Y | 372.2 bp | +72.9 | +114.5 | ||
| United Kingdom 10Y | 326.7 bp | +59.9 | +60.5 | ||
| Italy 10Y | 326.7 bp | +69.7 | +141.3 | ||
| Canada 10Y | 254.1 bp | +39.1 | +20.5 | ||
| United States 10Y | 249.5 bp | +51.7 | +28.4 | ||
| Australia 10Y | 222.4 bp | +34.8 | +24.9 | ||
| China 10Y | 75.3 bp | +89.4 | +95.9 | ||
| India 10Y | -216.9 bp | +79.1 | +82.9 | ||
| Russia 10Y | -251.2 bp | +66.4 | +70.1 | ||
| Brazil 10Y | -456.8 bp | -30.6 | -82.9 |
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% | |||
| 20 years | 5.138% | 36.71 | 49.03 | 73.66 | 98.30 | 122.94 | 147.57 | |
| 10 years | 4.043% | 67.28 | 75.37 | 91.56 | 107.75 | 123.93 | 140.12 | |
| 7 years | 3.644% | 77.84 | 83.92 | 96.08 | 108.25 | 120.41 | 132.57 | |
| 5 years | 2.968% | 86.40 | 90.98 | 100.15 | 109.31 | 118.48 | 127.65 | |
| 4 years | 2.649% | 90.07 | 93.82 | 101.32 | 108.81 | 116.31 | 123.81 | |
| 3 years | 2.411% | 93.10 | 95.96 | 101.69 | 107.41 | 113.13 | 118.85 | |
| 2 years | 2.275% | 95.60 | 97.53 | 101.40 | 105.27 | 109.14 | 113.00 | |
| 1 year | 1.657% | 98.37 | 99.35 | 101.32 | 103.29 | 105.26 | 107.22 | |
| Maturity Date | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | ||