Philippines - Average Long-term Government Bond





Philippines: Average Long-term Government Bond

Mnemonic IRGTLT.IPHL
Unit % p.a., NSA
Adjustments Not Seasonally Adjusted
Monthly 3.35 %
Data Mar 2019 5.19
Feb 2019 5.37

Series Information

Source Central Bank of Philippines (BSP)
Release Domestic Interest Rates
Frequency Monthly
Start Date 1/31/1982
End Date 3/31/2019

Philippines: Markets

Reference Last Previous Units Frequency
Stock Market Index 23 May 2019 7,804 7,815 Index, NSA Business Daily
Average Long-term Government Bond Mar 2019 5.19 5.37 % p.a., NSA Monthly
Treasury Bills (over 31 days) Mar 2019 5.93 5.84 % p.a., NSA Monthly
Lending Rate 31 Dec 2018 4.75 4.75 % p.a., NSA Daily
Money Market Rate Dec 2018 4.95 4.77 % p.a., NSA Monthly

Release Information

For the Philippines, select domestic interest rates including: treasury bill yields, monetary policy rates, interbank rates, consumer deposit and lending rates.

The source writes:

Treasury Bill Rate
The rate on short-term debt instruments issued by the NG for the purpose of generating funds needed to finance outstanding obligations. Treasury bills come in maturities of 91, 182 and 364 days.
Time Deposit Rate
The weighted average interest rate charged on interest-bearing deposits with fixed-maturity dates and evidenced by certificates issued by banks. Savings Deposit Rate is the rate charged on all interest-bearing deposits of banks, which are withdrawable anytime. it is derived as the ratio of interest expense on peso deposits of reporting commercial banks to the total outstanding level of these deposits.
Bank Average Lending Rate
The weighted average interest rate charged by reporting commerical banks on loans granted during a given period of time. Monthly data is derived as the ratio of actual interest income of all commercial banks on their peso-denominated loans to the total outstanding level of these loans.
Lending rate range (high and low)
The range of lending rates reported by commercial banks on a daily basis. The low and refers to the primed lending rate.
New Manila Reference Rate (MRR)
The weighted average interest rates announced by the BSP, which is based on the combined promissory note and time deposit transactions of sample commercial banks. it replaces the old MRR announced by the old CB as reference rate of banks and non-banks in the pricing of floating rate loans.
Repurchase (RP) Rate
The interest rate on transactions in which one party sells to another party, government security, and simultaneously agrees to buy back the security from the former buyer at a predetermined price on a specified future date. RPs RP rates when it uses its RP facility to lend to banks to accommodate their temporary liquidity requirements.
Reverse Repurchase (RRP) Rate
The interest rate on an RP transaction that has an opposite effect on the parties involved. RRPs are typically contracted between the BSP and banks. They allow the BSP to siphon off liquidity from the banking system on a relatively temporary basis (as compared to the long-term effect of a change in reserve requirements). RRPs may also have overnight or term maturities.
Interbank Call loan Rate
The rate on loans among banks for periods not exceeding 24 hours primarily for the purpose of covering reserve deficiencies.
Phibor Rate (Philippine Interbank Offered Rate)
The simple average of the interest rate offers submitted by the participating banks on a daily basis, under the auspices of the banks association of the philippines (BAP). The participants consist of 20 local and foreign banks which post their bid and offer rates between 10:30-11:30 A.M. on an electronic monitor where lending rates in pesos are determined. The rates given by the banks are used as their dealing rates or the rates at which they will be able to borrow or lend to the market. Launched by the BAP on 1 February 1996, Phibor serves as an indicator of the banking system's level of liquidity.

Monthly rates reflect the annual percentage equivalent of all commercial banks' actual monthly interest income on their peso-denominated loans to the total outstanding levels of their peso-denominated loans, bills discounted, mortgage contract receivables and restructured loans.

Possible but uncommon.