COUNTRY •
BAHRAIN
Last Update: 29 Nov 2022 0:15 GMT+0
The Bahrain 10Y Government Bond has an estimated 6.077% yield. Its value is not derived from the market, but it's calculated according to the yields of other available durations.
Central Bank Rate is 4.75% (last modification in November 2022).
The Bahrain credit rating is B+, according to Standard & Poor's agency.
Current 5-Years Credit Default Swap quotation is 255.00 and implied probability of default is 4.25%.
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| Residual Maturity |
Yield | ZC Price | Last Change |
||||||
|---|---|---|---|---|---|---|---|---|---|
| Last | Chg 1M | Chg 6M | Last | Chg 1M | Chg 6M | ||||
| 3 months | 5.647% | +51.9 bp | +289.7 bp | 28 Nov | |||||
| 6 months | 5.921% | +43.9 bp | +272.8 bp | 28 Nov | |||||
| 9 months | 6.007% | +26.7 bp | +276.6 bp | 28 Nov | |||||
| 1 year | 5.863% | +20.1 bp | +261.0 bp | 94.46 | -0.19 % | -2.47 % | 28 Nov | ||
| 2 years | 5.962% | -59.2 bp | +147.0 bp | 89.06 | +1.11 % | -2.76 % | 28 Nov | ||
| 5 years | 6.005% | -115.7 bp | +71.1 bp | 74.71 | +5.58 % | -3.30 % | 28 Nov | ||
Last Update: 29 Nov 2022 0:15 GMT+0
Bahrain 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).
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| Residual Maturity |
Yield | Spread vs Bond | Spread vs Central Bank Rate (4.75%) |
|||
|---|---|---|---|---|---|---|
| 3 months | 1 year | 2 years | ||||
| 5 years | 6.005% | 125.5 bp | ||||
| 2 years | 5.962% | 121.2 bp | ||||
| 1 year | 5.863% | 111.3 bp | ||||
| 3 months | 5.647% | 89.7 bp | ||||
Focusing on 2 years Government Bond:
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| 2Y vs 1Y | 9.9 bp | Normal Convexity in Short-Term Maturities | ||
| 5Y vs 2Y | 4.3 bp | Yield Curve is flat in Mid-Term vs Short-Term Maturities |
Readings that may interest you
Bahrain 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
Bahrain Credit Ratings History
| Rating Agency | Rating | Outlook |
|---|---|---|
| Standard & Poor's |
B+
|
positive |
| Moody's Investors Service |
B2
|
- |
| Fitch Ratings |
B+
|
- |
| DBRS |
-
|
- |
Bahrain 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 | 4.75% |
Bahrain 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 | 255.00 | -3.77 % | -10.53 % | -47.42 % | 4.25 % |
(*) Implied probability of default, calculated on the hypothesis of a 40% recovery rate.
Bahrain 10Y Bond Yield Spread
The Bahrain 10Y Government Bond has an estimated 6.077% yield.
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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| Bahrain 10Y vs | Current Spread | Chg 1M | Chg 6M | ||
|---|---|---|---|---|---|
| Japan 10Y | 582.2 bp | -210.8 bp | -58.6 bp | Compare | |
| Germany 10Y | 409.3 bp | -198.1 bp | -156.2 bp | Compare | |
| France 10Y | 346.1 bp | -210.6 bp | -167.6 bp | Compare | |
| China 10Y | 315.7 bp | -233.5 bp | -72.4 bp | Compare | |
| Canada 10Y | 313.4 bp | -180.1 bp | -70.7 bp | Compare | |
| Spain 10Y | 308.6 bp | -193.8 bp | -145.7 bp | Compare | |
| United Kingdom 10Y | 294.6 bp | -173.4 bp | -176.1 bp | Compare | |
| Australia 10Y | 246.7 bp | -192.7 bp | -90.9 bp | Compare | |
| United States 10Y | 236.8 bp | -179.1 bp | -152.0 bp | Compare | |
| Italy 10Y | 216.7 bp | -183.9 bp | -156.8 bp | Compare | |
| India 10Y | -120.9 bp | -196.8 bp | -49.0 bp | Compare | |
| Russia 10Y | -401.3 bp | -232.8 bp | -113.4 bp | Compare | |
| Brazil 10Y | -752.0 bp | -370.5 bp | -171.8 bp | Compare |
Bahrain 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.
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