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).
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 |
Readings that may interest you
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.
If data are not all visible, swipe table left
| 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 | |||