COUNTRY •
AUSTRALIA
Last Update: 28 Jun 2022 11:15 GMT+0
The Australia 10Y Government Bond has a 3.819% yield.
10 Years vs 2 Years bond spread is 65.7 bp. Normal Convexity in Long-Term vs Short-Term Maturities.
Central Bank Rate is 0.85% (last modification in June 2022).
The Australia credit rating is AAA, according to Standard & Poor's agency.
Current 5-Years Credit Default Swap quotation is 24.16 and implied probability of default is 0.40%.
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 | 2.471% | +53.4 bp | +223.8 bp | 97.59 | -0.52 % | -2.19 % | 28 Jun | ||
| 2 years | 3.162% | +50.2 bp | +281.2 bp | 93.96 | -0.97 % | -5.38 % | 28 Jun | ||
| 3 years | 3.439% | +54.9 bp | +258.3 bp | 90.35 | -1.59 % | -7.31 % | 28 Jun | ||
| 4 years | 3.515% | +54.1 bp | +231.9 bp | 87.09 | -2.08 % | -8.67 % | 28 Jun | ||
| 5 years | 3.610% | +55.8 bp | +231.2 bp | 83.75 | -2.66 % | -10.68 % | 28 Jun | ||
| 6 years | 3.639% | +53.9 bp | +225.8 bp | 80.70 | -3.07 % | -12.38 % | 28 Jun | ||
| 7 years | 3.734% | +54.4 bp | +226.6 bp | 77.37 | -3.61 % | -14.32 % | 28 Jun | ||
| 8 years | 3.760% | +56.4 bp | +224.6 bp | 74.43 | -4.27 % | -16.06 % | 28 Jun | ||
| 9 years | 3.798% | +56.2 bp | +222.9 bp | 71.50 | -4.77 % | -17.75 % | 28 Jun | ||
| 10 years | 3.819% | +57.0 bp | +223.2 bp | 68.74 | -5.36 % | -19.54 % | 28 Jun | ||
| 12 years | 3.877% | +55.5 bp | +225.2 bp | 63.35 | -6.23 % | -23.13 % | 28 Jun | ||
| 15 years | 3.977% | +49.5 bp | +205.0 bp | 55.71 | -6.90 % | -25.82 % | 28 Jun | ||
| 20 years | 4.045% | +43.3 bp | +186.1 bp | 45.25 | -7.99 % | -30.29 % | 28 Jun | ||
| 30 years | 3.991% | +38.1 bp | +168.7 bp | 30.91 | -10.43 % | -38.78 % | 28 Jun | ||
Last Update: 28 Jun 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).
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 (0.85%) |
||||
|---|---|---|---|---|---|---|---|
| 1 year | 2 years | 5 years | 10 years | ||||
| 30 years | 3.991% | 314.1 bp | |||||
| 10 years | 3.819% | 296.9 bp | |||||
| 5 years | 3.610% | 276.0 bp | |||||
| 2 years | 3.162% | 231.2 bp | |||||
| 1 year | 2.471% | 162.1 bp | |||||
Focusing on 2 years Government Bond:
If data are not all visible, swipe table left
| 2Y vs 1Y | 69.1 bp | Normal Convexity in Short-Term Maturities | ||
| 5Y vs 2Y | 44.8 bp | Normal Convexity in Mid-Term vs Short-Term Maturities | ||
| 10Y vs 2Y | 65.7 bp | Normal Convexity 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 | 0.85% |
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 | 24.16 | -3.59 % | -4.35 % | +54.97 % | 0.40 % |
(*) 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 3.819% 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 | 358.9 bp | +56.3 bp | +206.1 bp | Compare | |
| Germany 10Y | 216.4 bp | -10.9 bp | +34.1 bp | Compare | |
| France 10Y | 162.8 bp | -12.7 bp | +17.2 bp | Compare | |
| United Kingdom 10Y | 133.2 bp | +0.7 bp | +66.8 bp | Compare | |
| Spain 10Y | 107.7 bp | -8.4 bp | 0.0 bp | Compare | |
| China 10Y | 96.2 bp | +46.3 bp | +219.5 bp | Compare | |
| United States 10Y | 57.0 bp | +6.4 bp | +46.7 bp | Compare | |
| Canada 10Y | 36.1 bp | -9.8 bp | +25.0 bp | Compare | |
| Italy 10Y | 13.5 bp | -21.8 bp | -35.7 bp | Compare | |
| India 10Y | -363.8 bp | +46.3 bp | +125.3 bp | Compare | |
| Russia 10Y | -480.1 bp | +146.0 bp | +202.7 bp | Compare | |
| Brazil 10Y | -896.3 bp | +22.1 bp | +15.7 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 | 3.991% | 30.91 | 48.22 | 82.84 | 117.47 | 152.09 | 186.71 | ||
| 20 years | 4.045% | 45.25 | 58.78 | 85.85 | 112.93 | 140.00 | 167.07 | ||
| 15 years | 3.977% | 55.71 | 66.85 | 89.12 | 111.39 | 133.67 | 155.94 | ||
| 12 years | 3.877% | 63.35 | 72.81 | 91.71 | 110.62 | 129.52 | 148.42 | ||
| 10 years | 3.819% | 68.74 | 76.93 | 93.30 | 109.67 | 126.03 | 142.40 | ||
| 9 years | 3.798% | 71.50 | 79.00 | 94.01 | 109.02 | 124.03 | 139.04 | ||
| 8 years | 3.760% | 74.43 | 81.23 | 94.83 | 108.43 | 122.03 | 135.63 | ||
| 7 years | 3.734% | 77.37 | 83.43 | 95.55 | 107.67 | 119.80 | 131.92 | ||
| 6 years | 3.639% | 80.70 | 86.00 | 96.61 | 107.22 | 117.83 | 128.44 | ||
| 5 years | 3.610% | 83.75 | 88.25 | 97.25 | 106.26 | 115.26 | 124.26 | ||
| 4 years | 3.515% | 87.09 | 90.77 | 98.11 | 105.45 | 112.80 | 120.14 | ||
| 3 years | 3.439% | 90.35 | 93.16 | 98.77 | 104.38 | 109.99 | 115.60 | ||
| 2 years | 3.162% | 93.96 | 95.87 | 99.69 | 103.51 | 107.33 | 111.14 | ||
| 1 year | 2.471% | 97.59 | 98.56 | 100.52 | 102.47 | 104.42 | 106.37 | ||
| Maturity Date | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | |||