COUNTRY • CHILE
Last Update: 25 Sep 2023 2:15 GMT+0

The Chile 10Y Government Bond has a 5.960% yield.

10 Years vs 2 Years bond spread is -157 bp.
Yield Curve is inverted in Long-Term vs Short-Term Maturities.

Central Bank Rate is 9.50% (last modification in September 2023).

The Chile credit rating is A, according to Standard & Poor's agency.

Current 5-Years Credit Default Swap quotation is 67.03 and implied probability of default is 1.12%.

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Residual
Maturity
Yield ZC Price Last
Change
Last Chg 1M Chg 6M Last Chg 1M Chg 6M
1 year 8.130% +14.0 bp +12.0 bp 92.48 -0.13 % -0.11 % 22 Sep
2 years 7.530% +67.0 bp +36.0 bp 86.48 -1.24 % -0.68 % 22 Sep
3 years 6.150% +28.3 bp +25.0 bp 83.61 -0.79 % -0.70 % 22 Sep
4 years 6.000% +31.0 bp +64.0 bp 79.21 -1.16 % -2.39 % 22 Sep
5 years 5.970% +26.8 bp +52.0 bp 74.83 -1.27 % -2.44 % 22 Sep
8 years 6.000% +23.8 bp +77.0 bp 62.74 -1.78 % -5.67 % 22 Sep
10 years 5.960% +24.0 bp +82.0 bp 56.05 -2.25 % -7.48 % 22 Sep
20 years 5.870% +27.0 bp +84.0 bp 31.96 -4.97 % -14.71 % 22 Sep
30 years 5.850% +26.0 bp +90.0 bp 18.17 -7.11 % -22.58 % 22 Sep
Last Update: 25 Sep 2023 2:15 GMT+0

Chile 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 (9.50%)
1 year 2 years 5 years 10 years
30 years 5.850% -365.0 bp
10 years 5.960%
-354.0 bp
5 years 5.970%
-353.0 bp
2 years 7.530%
-197.0 bp
1 year 8.130%
-137.0 bp
Focusing on 2 years Government Bond:
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2Y vs 1Y -60 bp Yield Curve is inverted in Short-Term Maturities
5Y vs 2Y -156 bp Yield Curve is inverted in Mid-Term vs Short-Term Maturities
10Y vs 2Y -157 bp Yield Curve is inverted in Long-Term vs Short-Term Maturities

Chile 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 Chile Credit Ratings History
Rating Agency Rating Outlook
Standard & Poor's
A
-
Moody's Investors Service
A2
-
Fitch Ratings
A-
-
DBRS
N/A
-

Chile 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 9.50%

Chile 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 67.03 -5.88 % +13.76 % +85.68 % 1.12 %
(*) Implied probability of default, calculated on the hypothesis of a 40% recovery rate.

Chile 10Y Bond Yield Spread

The Chile 10Y Government Bond has a 5.960% 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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Chile 10Y vs Current Spread Chg 1M Chg 6M
Japan 10Y 523.6 bp +16.7 bp +35.5 bp Compare
China 10Y 325.3 bp +11.6 bp +100.5 bp Compare
Germany 10Y 322.8 bp +6.4 bp +23.8 bp Compare
France 10Y 267.5 bp +4.4 bp +20.4 bp Compare
Spain 10Y 215.4 bp +1.3 bp +23.2 bp Compare
Canada 10Y 201.0 bp +2.2 bp -36.4 bp Compare
United Kingdom 10Y 170.1 bp +41.6 bp -15.5 bp Compare
Australia 10Y 164.6 bp +6.8 bp -26.7 bp Compare
United States 10Y 150.1 bp +1.4 bp -26.7 bp Compare
Italy 10Y 132.8 bp -16.0 bp +19.1 bp Compare
India 10Y -119.0 bp +29.6 bp +98.8 bp Compare
Brazil 10Y -546.1 bp -7.2 bp +238.5 bp Compare
Russia 10Y -659.5 bp -37.5 bp -57.5 bp Compare

Chile 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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Residual
Maturity
Yield Bond Price - with different Coupon Rates Fx
0% 1% 3% 5% 7% 9%
30 years 5.850% 18.17 32.16 60.13 88.11 116.09 144.06
20 years 5.870% 31.96 43.55 66.73 89.91 113.10 136.28
10 years 5.960% 56.05 63.42 78.17 92.92 107.67 122.42
8 years 6.000% 62.74 68.95 81.37 93.79 106.21 118.63
5 years 5.970% 74.83 79.05 87.48 95.91 104.34 112.77
4 years 6.000% 79.21 82.67 89.60 96.53 103.47 110.40
3 years 6.150% 83.61 86.27 91.60 96.93 102.27 107.60
2 years 7.530% 86.48 88.28 91.87 95.46 99.05 102.64
1 year 8.130% 92.48 93.41 95.26 97.11 98.95 100.80
Maturity Date 100.00 100.00 100.00 100.00 100.00 100.00

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