COUNTRY •
AUSTRALIA
Last Update: 9 Jun 2023 20:15 GMT+0
The Australia 10Y Government Bond has a 3.939% yield.
10 Years vs 2 Years bond spread is -10.1 bp. Yield Curve is inverted in Long-Term vs Short-Term Maturities.
Central Bank Rate is 4.10% (last modification in June 2023).
The Australia credit rating is AAA, according to Standard & Poor's agency.
Current 5-Years Credit Default Swap quotation is 26.73 and implied probability of default is 0.45%.
If data are not all visible, swipe table left
| Residual Maturity |
Yield | ZC Price | Last Change |
||||||
|---|---|---|---|---|---|---|---|---|---|
| Last | Chg 1M | Chg 6M | Last | Chg 1M | Chg 6M | ||||
| 1 year | 4.226% | +58.5 bp | +111.5 bp | 95.95 | -0.56 % | -1.06 % | 09 Jun | ||
| 2 years | 4.040% | +79.2 bp | +95.9 bp | 92.38 | -1.52 % | -1.84 % | 09 Jun | ||
| 3 years | 3.853% | +73.5 bp | +80.8 bp | 89.28 | -2.11 % | -2.31 % | 09 Jun | ||
| 4 years | 3.825% | +68.3 bp | +71.5 bp | 86.06 | -2.60 % | -2.72 % | 09 Jun | ||
| 5 years | 3.816% | +63.7 bp | +66.6 bp | 82.92 | -3.04 % | -3.18 % | 09 Jun | ||
| 6 years | 3.826% | +58.2 bp | +61.2 bp | 79.83 | -3.32 % | -3.48 % | 09 Jun | ||
| 7 years | 3.869% | +53.9 bp | +60.7 bp | 76.67 | -3.57 % | -4.02 % | 09 Jun | ||
| 8 years | 3.912% | +50.5 bp | +58.7 bp | 73.57 | -3.82 % | -4.43 % | 09 Jun | ||
| 9 years | 3.935% | +47.8 bp | +58.6 bp | 70.66 | -4.06 % | -4.95 % | 09 Jun | ||
| 10 years | 3.939% | +46.7 bp | +57.3 bp | 67.95 | -4.40 % | -5.39 % | 09 Jun | ||
| 12 years | 4.029% | +42.4 bp | +51.7 bp | 62.25 | -4.79 % | -5.81 % | 09 Jun | ||
| 15 years | 4.122% | +38.7 bp | +52.8 bp | 54.56 | -5.43 % | -7.34 % | 09 Jun | ||
| 20 years | 4.276% | +34.7 bp | +56.3 bp | 43.28 | -6.46 % | -10.26 % | 09 Jun | ||
| 30 years | 4.307% | +30.2 bp | +63.0 bp | 28.22 | -8.35 % | -16.63 % | 09 Jun | ||
Last Update: 9 Jun 2023 20:15 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).
The curve convexity is measured considering some key bond durations (usually 2 years and 10 years, but also other maturities).
If data are not all visible, swipe table left
| Residual Maturity |
Yield | Spread vs Bond | Spread vs Central Bank Rate (4.10%) |
||||
|---|---|---|---|---|---|---|---|
| 1 year | 2 years | 5 years | 10 years | ||||
| 30 years | 4.307% | 20.7 bp | |||||
| 10 years | 3.939% | -16.1 bp | |||||
| 5 years | 3.816% | -28.4 bp | |||||
| 2 years | 4.040% | -6.0 bp | |||||
| 1 year | 4.226% | 12.6 bp | |||||
Focusing on 2 years Government Bond:
If data are not all visible, swipe table left
| 2Y vs 1Y | -18.6 bp | Yield Curve is inverted in Short-Term Maturities | ||
| 5Y vs 2Y | -22.4 bp | Yield Curve is inverted in Mid-Term vs Short-Term Maturities | ||
| 10Y vs 2Y | -10.1 bp | Yield Curve is inverted in Long-Term vs Short-Term Maturities |
Readings that may interest you
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 | 4.10% |
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 | 26.73 | +0.41 % | -0.07 % | +6.16 % | 0.45 % |
(*) 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 3.939% 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.
If data are not all visible, swipe table left
| Australia 10Y vs | Current Spread | Chg 1M | Chg 6M | ||
|---|---|---|---|---|---|
| Japan 10Y | 351.5 bp | +46.4 bp | +40.8 bp | Compare | |
| Germany 10Y | 156.5 bp | +45.1 bp | +13.4 bp | Compare | |
| China 10Y | 123.5 bp | +53.0 bp | +79.4 bp | Compare | |
| France 10Y | 102.4 bp | +49.9 bp | +5.6 bp | Compare | |
| Spain 10Y | 59.1 bp | +57.4 bp | +18.3 bp | Compare | |
| Canada 10Y | 53.8 bp | +4.0 bp | +7.3 bp | Compare | |
| United States 10Y | 19.4 bp | +25.0 bp | +41.6 bp | Compare | |
| Italy 10Y | -17.6 bp | +62.5 bp | +30.4 bp | Compare | |
| United Kingdom 10Y | -30.3 bp | +8.4 bp | -48.4 bp | Compare | |
| India 10Y | -310.0 bp | +47.4 bp | +83.3 bp | Compare | |
| Russia 10Y | -690.1 bp | +26.7 bp | -16.2 bp | Compare | |
| Brazil 10Y | -722.8 bp | +159.5 bp | +239.6 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 | 4.307% | 28.22 | 44.89 | 78.22 | 111.55 | 144.88 | 178.21 | ||
| 20 years | 4.276% | 43.28 | 56.55 | 83.07 | 109.60 | 136.13 | 162.66 | ||
| 15 years | 4.122% | 54.56 | 65.58 | 87.63 | 109.68 | 131.73 | 153.78 | ||
| 12 years | 4.029% | 62.25 | 71.62 | 90.36 | 109.10 | 127.84 | 146.57 | ||
| 10 years | 3.939% | 67.95 | 76.09 | 92.36 | 108.63 | 124.90 | 141.17 | ||
| 9 years | 3.935% | 70.66 | 78.11 | 93.03 | 107.94 | 122.86 | 137.77 | ||
| 8 years | 3.912% | 73.57 | 80.32 | 93.84 | 107.35 | 120.87 | 134.38 | ||
| 7 years | 3.869% | 76.67 | 82.70 | 94.76 | 106.82 | 118.88 | 130.95 | ||
| 6 years | 3.826% | 79.83 | 85.10 | 95.65 | 106.19 | 116.73 | 127.28 | ||
| 5 years | 3.816% | 82.92 | 87.40 | 96.35 | 105.30 | 114.25 | 123.20 | ||
| 4 years | 3.825% | 86.06 | 89.70 | 96.99 | 104.28 | 111.57 | 118.86 | ||
| 3 years | 3.853% | 89.28 | 92.06 | 97.63 | 103.19 | 108.76 | 114.32 | ||
| 2 years | 4.040% | 92.38 | 94.27 | 98.04 | 101.81 | 105.58 | 109.35 | ||
| 1 year | 4.226% | 95.95 | 96.90 | 98.82 | 100.74 | 102.66 | 104.58 | ||
| Maturity Date | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | |||