COUNTRY •
CHILE
Last Update: 27 Nov 2022 12:15 GMT+0
The Chile 10Y Government Bond has a 5.410% yield.
10 Years vs 2 Years bond spread is -241 bp. Yield Curve is inverted in Long-Term vs Short-Term Maturities.
Central Bank Rate is 11.25% (last modification in October 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 | 9.380% | -129.0 bp | +92.0 bp | 91.42 | +1.17 % | -0.85 % | 25 Nov | ||
| 2 years | 7.820% | -147.0 bp | +12.0 bp | 86.02 | +2.75 % | -0.22 % | 27 Nov | ||
| 3 years | 6.360% | -103.0 bp | -40.0 bp | 83.11 | +2.94 % | +1.13 % | 27 Nov | ||
| 4 years | 6.000% | -104.0 bp | -37.0 bp | 79.21 | +3.98 % | +1.41 % | 27 Nov | ||
| 5 years | 5.540% | -133.0 bp | -95.0 bp | 76.37 | +6.47 % | +4.59 % | 27 Nov | ||
| 8 years | 5.390% | -114.0 bp | -95.0 bp | 65.71 | +8.99 % | +7.46 % | 27 Nov | ||
| 10 years | 5.410% | -123.0 bp | -103.0 bp | 59.04 | +12.29 % | +10.21 % | 27 Nov | ||
Last Update: 27 Nov 2022 12:15 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 (11.25%) |
|||
|---|---|---|---|---|---|---|
| 1 year | 2 years | 5 years | ||||
| 10 years | 5.410% | -584.0 bp | ||||
| 5 years | 5.540% | -571.0 bp | ||||
| 2 years | 7.820% | -343.0 bp | ||||
| 1 year | 9.380% | -187.0 bp | ||||
Focusing on 2 years Government Bond:
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| 2Y vs 1Y | -156 bp | Yield Curve is inverted in Short-Term Maturities | ||
| 5Y vs 2Y | -228 bp | Yield Curve is inverted in Mid-Term vs Short-Term Maturities | ||
| 10Y vs 2Y | -241 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 | 11.25% |
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 5.410% 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 | 515.5 bp | -124.0 bp | -106.2 bp | Compare | |
| Germany 10Y | 344.0 bp | -123.7 bp | -202.4 bp | Compare | |
| France 10Y | 297.6 bp | -119.2 bp | -197.0 bp | Compare | |
| China 10Y | 256.9 bp | -137.0 bp | -112.1 bp | Compare | |
| Canada 10Y | 247.2 bp | -96.9 bp | -117.8 bp | Compare | |
| Spain 10Y | 245.5 bp | -117.7 bp | -189.7 bp | Compare | |
| United Kingdom 10Y | 229.9 bp | -89.2 bp | -221.7 bp | Compare | |
| Australia 10Y | 181.8 bp | -105.2 bp | -137.3 bp | Compare | |
| United States 10Y | 171.9 bp | -99.2 bp | -197.8 bp | Compare | |
| Italy 10Y | 156.1 bp | -110.1 bp | -198.3 bp | Compare | |
| India 10Y | -189.1 bp | -111.9 bp | -98.1 bp | Compare | |
| Russia 10Y | -466.0 bp | -147.0 bp | -159.0 bp | Compare | |
| Brazil 10Y | -824.6 bp | -276.3 bp | -225.3 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 | 5.410% | 59.04 | 66.62 | 81.76 | 96.90 | 112.04 | 127.18 | ||
| 8 years | 5.390% | 65.71 | 72.07 | 84.79 | 97.52 | 110.24 | 122.97 | ||
| 5 years | 5.540% | 76.37 | 80.63 | 89.17 | 97.70 | 106.23 | 114.76 | ||
| 4 years | 6.000% | 79.21 | 82.67 | 89.60 | 96.53 | 103.47 | 110.40 | ||
| 3 years | 6.360% | 83.11 | 85.77 | 91.08 | 96.39 | 101.70 | 107.01 | ||
| 2 years | 7.820% | 86.02 | 87.81 | 91.38 | 94.96 | 98.53 | 102.11 | ||
| 1 year | 9.380% | 91.42 | 92.34 | 94.17 | 96.00 | 97.82 | 99.65 | ||
| Maturity Date | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | |||