The yield on Philippines 10Y Bond Yield rose to 7.43% on May 15, 2026, marking a 0.10 percentage points increase from the previous session. Over the past month, the yield has edged up by 0.79 points and is 1.29 points higher than a year ago, according to over-the-counter interbank yield quotes for this government bond maturity.

Historically, the Philippines 10-Year Government Bond Yield reached an all time high of 20.75 in October of 2000. Philippines 10-Year Government Bond Yield - data, forecasts, historical chart - was last updated on May 15 of 2026.

The Philippines 10-Year Government Bond Yield is expected to trade at 7.19 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 6.96 in 12 months time.



Bonds Yield Day Month Year Date
Philippines 10Y 7.43 0.100% 0.791% 1.285% May/15



Related Last Previous Unit Reference
Philippines Inflation Rate 7.20 4.10 percent Apr 2026
Philippines Interest Rate 4.50 4.25 percent Apr 2026
Philippines Unemployment Rate 5.00 5.10 percent Mar 2026

Philippines 10-Year Government Bond Yield
Generally, a government bond is issued by a national government and is denominated in the country`s own currency. Bonds issued by national governments in foreign currencies are normally referred to as sovereign bonds. The yield required by investors to loan funds to governments reflects inflation expectations and the likelihood that the debt will be repaid.
Actual Previous Highest Lowest Dates Unit Frequency
7.43 7.33 20.75 2.57 2000 - 2026 percent Daily

News Stream
Philippines 10-Year Bond Yield Rises
The Philippines’s 10-year government bond yield rose to around 7.2% in mid-May, moving back toward an over three-and-a-half-year high, as peso bonds continued to weaken on large rate hike expectations. This followed headline inflation surging to a three-year high of 7.2% in April, well above the central bank’s 5.6%–6.4% forecast range, reflecting rapidly intensifying price pressures driven by higher energy costs and the country’s heavy reliance on Middle Eastern oil imports. As a result, markets have strengthened bets on a 50 bps rate hike at the June 18 policy meeting, driving a broader selloff in sovereign bonds. Philippine debt has since posted losses exceeding 10% for dollar-based investors since the start of the Iran war, making it the worst performer in emerging Asia, according to a Bloomberg index. Weak demand at recent government bond auctions further reinforces the softening investor appetite for sovereign debt.
2026-05-13
Philippines 10Y Bond Yield Hits 3-1/2-year High
Philippines 10 Year Government Bond Yield increased to 7.15%, the highest since November 2022. Over the past 4 weeks, Philippines 10Y Bond Yield gained 43.00 basis points, and in the last 12 months, it increased 87.30 basis points.
2026-05-05
Philippine 10Y Yield Eases From 2-Year High
The Philippines’ 10-year government bond yield fell to below 6.9%, easing from a nearly two-year high after the central bank’s move to hold rates at its off-cycle meeting signaled a more cautious stance toward further tightening. National Treasurer Sharon Almanza said the move could help stabilize the bond market following recent weak auctions amid sharply higher yields. The pressure stemmed from rising inflation, fueled by a spike in oil prices from the Iran war, prompting the central bank to lift its 2026 inflation forecast to around 5.1%. Despite inflation risks breaching the 4% ceiling in the near-term, the BSP kept its policy rate steady at 4.25%, opting to assess the lagged impact of previous 225 bps of easing. Governor Eli Remolona noted growth is expected to remain weak, warning that further tightening could delay recovery. Still, policymakers signaled that upcoming March CPI data will be key to determining whether rate hikes could resume as early as April.
2026-03-27