COUNTRY •
CHILE
Last Update: 28 Jun 2022 11:15 GMT+0
The Chile 10Y Government Bond has a 6.400% yield.
10 Years vs 2 Years bond spread is -175 bp. Yield Curve is inverted in Long-Term vs Short-Term Maturities.
Central Bank Rate is 9.00% (last modification in June 2022).
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%.
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 | 9.360% | +90.0 bp | +642.0 bp | 91.44 | -0.82 % | -5.87 % | 24 Jun | ||
| 2 years | 8.150% | +45.0 bp | +291.0 bp | 85.50 | -0.82 % | -5.31 % | 28 Jun | ||
| 3 years | 6.480% | -28.0 bp | +100.0 bp | 82.83 | +0.79 % | -2.79 % | 28 Jun | ||
| 4 years | 6.430% | +6.0 bp | +103.0 bp | 77.94 | -0.22 % | -3.81 % | 28 Jun | ||
| 5 years | 6.440% | -5.0 bp | +85.0 bp | 73.19 | +0.23 % | -3.94 % | 28 Jun | ||
| 8 years | 6.370% | +3.0 bp | +78.0 bp | 61.02 | -0.21 % | -5.72 % | 28 Jun | ||
| 10 years | 6.400% | -4.0 bp | +62.0 bp | 53.78 | +0.39 % | -5.67 % | 28 Jun | ||
Last Update: 28 Jun 2022 11:15 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).
If data are not all visible, swipe table left
| Residual Maturity |
Yield | Spread vs Bond | Spread vs Central Bank Rate (9.00%) |
|||
|---|---|---|---|---|---|---|
| 1 year | 2 years | 5 years | ||||
| 10 years | 6.400% | -260.0 bp | ||||
| 5 years | 6.440% | -256.0 bp | ||||
| 2 years | 8.150% | -85.0 bp | ||||
| 1 year | 9.360% | 36.0 bp | ||||
Focusing on 2 years Government Bond:
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| 2Y vs 1Y | -121 bp | Yield Curve is inverted in Short-Term Maturities | ||
| 5Y vs 2Y | -171 bp | Yield Curve is inverted in Mid-Term vs Short-Term Maturities | ||
| 10Y vs 2Y | -175 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 |
A1
|
negative |
| 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 | 9.00% |
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 6.400% 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 | 617.0 bp | -4.7 bp | +44.9 bp | Compare | |
| Germany 10Y | 474.5 bp | -71.9 bp | -127.1 bp | Compare | |
| France 10Y | 420.9 bp | -73.7 bp | -144.0 bp | Compare | |
| United Kingdom 10Y | 391.3 bp | -60.3 bp | -94.4 bp | Compare | |
| Spain 10Y | 365.8 bp | -69.4 bp | -161.2 bp | Compare | |
| China 10Y | 354.3 bp | -14.7 bp | +58.3 bp | Compare | |
| United States 10Y | 315.1 bp | -54.6 bp | -114.5 bp | Compare | |
| Canada 10Y | 294.2 bp | -70.8 bp | -136.2 bp | Compare | |
| Italy 10Y | 271.6 bp | -82.8 bp | -196.9 bp | Compare | |
| Australia 10Y | 258.1 bp | -61.0 bp | -161.2 bp | Compare | |
| India 10Y | -105.7 bp | -14.7 bp | -35.9 bp | Compare | |
| Russia 10Y | -222.0 bp | +85.0 bp | +41.5 bp | Compare | |
| Brazil 10Y | -638.2 bp | -38.9 bp | -145.5 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.
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% | ||||
| 10 years | 6.400% | 53.78 | 61.00 | 75.44 | 89.89 | 104.33 | 118.78 | ||
| 8 years | 6.370% | 61.02 | 67.14 | 79.38 | 91.62 | 103.86 | 116.10 | ||
| 5 years | 6.440% | 73.19 | 77.36 | 85.68 | 94.01 | 102.33 | 110.66 | ||
| 4 years | 6.430% | 77.94 | 81.37 | 88.23 | 95.09 | 101.96 | 108.82 | ||
| 3 years | 6.480% | 82.83 | 85.48 | 90.78 | 96.08 | 101.38 | 106.68 | ||
| 2 years | 8.150% | 85.50 | 87.28 | 90.84 | 94.39 | 97.95 | 101.51 | ||
| 1 year | 9.360% | 91.44 | 92.36 | 94.18 | 96.01 | 97.84 | 99.67 | ||
| Maturity Date | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | |||