COUNTRY • AUSTRALIA
Last Update: 6 Oct 2022 11:15 GMT+0

The Australia 10Y Government Bond has a 3.825% yield.

10 Years vs 2 Years bond spread is 53.5 bp.
Normal Convexity in Long-Term vs Short-Term Maturities.

Central Bank Rate is 2.60% (last modification in October 2022).

The Australia credit rating is AAA, according to Standard & Poor's agency.

Current 5-Years Credit Default Swap quotation is 29.35 and implied probability of default is 0.49%.

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Residual
Maturity
Yield ZC Price Last
Change
Last Chg 1M Chg 6M Last Chg 1M Chg 6M
1 year 2.960% +7.7 bp +162.7 bp 97.13 -0.07 % -1.57 % 06 Oct
2 years 3.290% +10.2 bp +117.4 bp 93.73 -0.20 % -2.26 % 06 Oct
3 years 3.422% +7.1 bp +87.7 bp 90.40 -0.20 % -2.52 % 06 Oct
4 years 3.487% +10.0 bp +78.4 bp 87.19 -0.39 % -2.99 % 06 Oct
5 years 3.565% +11.3 bp +78.6 bp 83.93 -0.55 % -3.74 % 06 Oct
6 years 3.635% +10.7 bp +78.1 bp 80.72 -0.62 % -4.43 % 06 Oct
7 years 3.707% +9.5 bp +82.8 bp 77.51 -0.64 % -5.45 % 06 Oct
8 years 3.782% +9.5 bp +87.6 bp 74.31 -0.72 % -6.55 % 06 Oct
9 years 3.811% +9.3 bp +89.2 bp 71.42 -0.81 % -7.48 % 06 Oct
10 years 3.825% +8.2 bp +88.7 bp 68.70 -0.79 % -8.23 % 06 Oct
12 years 3.872% +9.1 bp +92.0 bp 63.39 -1.05 % -10.12 % 06 Oct
15 years 4.042% +10.7 bp +93.6 bp 55.19 -1.53 % -12.67 % 06 Oct
20 years 4.139% +8.9 bp +92.6 bp 44.44 -1.68 % -16.36 % 06 Oct
30 years 4.091% +9.8 bp +81.8 bp 30.03 -2.78 % -21.08 % 06 Oct
Last Update: 6 Oct 2022 11:15 GMT+0

Australia Yield Curve Analysis

Normally, longer-duration interest rates are higher than short-duration. So, the yield curve normally slopes upward as duration increases. For this reason, the spread (i.e. the yield difference) between a longer and a shorter bond should be positive. If not, the yield curve can be flat or inverted.
The curve convexity is measured considering some key bond durations (usually 2 years and 10 years, but also other maturities).
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Residual
Maturity
Yield Spread vs Bond Spread vs
Central Bank
Rate (2.60%)
1 year 2 years 5 years 10 years
30 years 4.091% 149.1 bp
10 years 3.825%
122.5 bp
5 years 3.565%
96.5 bp
2 years 3.290%
69.0 bp
1 year 2.960%
36.0 bp
Focusing on 2 years Government Bond:
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2Y vs 1Y 33 bp Normal Convexity in Short-Term Maturities
5Y vs 2Y 27.5 bp Normal Convexity in Mid-Term vs Short-Term Maturities
10Y vs 2Y 53.5 bp Normal Convexity in Long-Term vs Short-Term Maturities

Australia Credit Ratings

A credit rating is an assessment of the creditworthiness of a borrower (in general terms or with respect to a particular debt or financial obligation). For a deeper analysis of credit ratings, click here Australia Credit Ratings History
Rating Agency Rating Outlook
Standard & Poor's
AAA
-
Moody's Investors Service
Aaa
-
Fitch Ratings
AAA
-
DBRS
AAA
-

Australia Interest Rates

A bank rate is the interest rate at which a nation's central bank lends money to domestic banks, often in the form of very short-term loans.
Interest Rates Value
Central Bank Rate 2.60%

Australia Credit Default Swaps

The term credit default swap (CDS) refers to a financial derivative that allows an investor to swap or offset their credit risk with that of another investor. To swap the risk of default, the lender buys a CDS from another investor who agrees to reimburse the lender in the case the borrower defaults.
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Credit Default Swap CDS Value Var % 1W Var % 1M Var % 1Y Implied PD(*)
5 Years CDS 29.35 +16.19 % +7.71 % +82.30 % 0.49 %
(*) Implied probability of default, calculated on the hypothesis of a 40% recovery rate.

Australia 10Y Bond Yield Spread

The Australia 10Y Government Bond has a 3.825% yield. Click on Spread value for the historical serie.

A positive spread, marked by , means that the 10Y Bond Yield is higher than the corresponding foreign bond. Instead, a negative spread is marked by a green circle.

Click on the values in "Current Spread" column, for the historical series of the spread.
Click on the "Compare" button, for a report with the full comparison between the two countries, with all the available data.
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Australia 10Y vs Current Spread Chg 1M Chg 6M
Japan 10Y 358.5 bp +8.0 bp +88.4 bp Compare
Germany 10Y 177.1 bp -35.3 bp -52.0 bp Compare
France 10Y 118.4 bp -35.3 bp -57.0 bp Compare
China 10Y 107.5 bp -4.1 bp +93.7 bp Compare
Spain 10Y 59.8 bp -32.9 bp -66.7 bp Compare
Canada 10Y 49.3 bp -6.1 bp +8.4 bp Compare
United States 10Y 5.0 bp -35.1 bp -29.0 bp Compare
United Kingdom 10Y -41.8 bp -109.2 bp -162.1 bp Compare
Italy 10Y -63.2 bp -41.2 bp -127.3 bp Compare
India 10Y -363.6 bp -20.0 bp +34.3 bp Compare
Russia 10Y -593.5 bp -33.8 bp +289.7 bp Compare
Brazil 10Y -793.1 bp +35.3 bp +60.1 bp Compare

Australia Government Bonds Prices

Price Simulation: bonds with a face value of 100, with different coupon rates. The highlighted column refers to the zero coupon bond.
Click on for a forecast of the yield.
If data are not all visible, swipe table left
Residual
Maturity
Yield Bond Price - with different Coupon Rates Fx
0% 1% 3% 5% 7% 9%
30 years 4.091% 30.03 47.14 81.34 115.55 149.75 183.96
20 years 4.139% 44.44 57.86 84.71 111.56 138.41 165.26
15 years 4.042% 55.19 66.28 88.45 110.62 132.79 154.96
12 years 3.872% 63.39 72.84 91.76 110.67 129.58 148.49
10 years 3.825% 68.70 76.89 93.25 109.61 125.98 142.34
9 years 3.811% 71.42 78.92 93.92 108.92 123.92 138.92
8 years 3.782% 74.31 81.10 94.69 108.27 121.86 135.45
7 years 3.707% 77.51 83.58 95.71 107.85 119.98 132.12
6 years 3.635% 80.72 86.02 96.63 107.24 117.85 128.46
5 years 3.565% 83.93 88.44 97.45 106.47 115.48 124.49
4 years 3.487% 87.19 90.86 98.21 105.56 112.91 120.26
3 years 3.422% 90.40 93.20 98.82 104.43 110.04 115.65
2 years 3.290% 93.73 95.64 99.45 103.26 107.07 110.88
1 year 2.960% 97.13 98.10 100.04 101.98 103.92 105.87
Maturity Date 100.00 100.00 100.00 100.00 100.00 100.00

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