COUNTRY •
INDIA
Last Update: 6 Oct 2022 8:15 GMT+0
The India 10Y Government Bond has a 7.461% yield.
10 Years vs 2 Years bond spread is 34.3 bp. Normal Convexity in Long-Term vs Short-Term Maturities.
Central Bank Rate is 5.90% (last modification in September 2022).
The India credit rating is BBB-, according to Standard & Poor's agency.
Current 5-Years Credit Default Swap quotation is 107.14 and implied probability of default is 1.79%.
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 | ||||
| 3 months | 6.080% | +48.0 bp | +230.0 bp | 06 Oct | |||||
| 6 months | 6.600% | +51.0 bp | +239.0 bp | 06 Oct | |||||
| 1 year | 6.767% | +45.3 bp | +208.1 bp | 93.66 | -0.43 % | -1.95 % | 06 Oct | ||
| 2 years | 7.118% | +46.6 bp | +206.5 bp | 87.15 | -0.86 % | -3.82 % | 06 Oct | ||
| 3 years | 7.293% | +38.8 bp | +156.5 bp | 80.96 | -1.09 % | -4.31 % | 06 Oct | ||
| 4 years | 7.313% | +36.1 bp | +126.0 bp | 75.40 | -1.35 % | -4.62 % | 06 Oct | ||
| 5 years | 7.357% | +34.3 bp | +117.1 bp | 70.12 | -1.59 % | -5.33 % | 06 Oct | ||
| 6 years | 7.419% | +27.3 bp | +80.3 bp | 65.09 | -1.51 % | -4.41 % | 06 Oct | ||
| 7 years | 7.423% | +29.8 bp | +61.8 bp | 60.58 | -1.93 % | -3.96 % | 06 Oct | ||
| 8 years | 7.495% | +37.1 bp | +64.0 bp | 56.09 | -2.72 % | -4.67 % | 06 Oct | ||
| 9 years | 7.490% | +34.5 bp | +54.0 bp | 52.20 | -2.85 % | -4.43 % | 06 Oct | ||
| 10 years | 7.461% | +28.2 bp | +54.4 bp | 48.70 | -2.58 % | -4.94 % | 06 Oct | ||
| 11 years | 7.538% | +32.5 bp | +47.5 bp | 44.96 | -3.27 % | -4.75 % | 06 Oct | ||
| 12 years | 7.458% | +16.2 bp | +30.8 bp | 42.18 | -1.79 % | -3.39 % | 06 Oct | ||
| 13 years | 7.489% | +20.4 bp | +28.1 bp | 39.11 | -2.44 % | -3.34 % | 06 Oct | ||
| 14 years | 7.518% | +16.1 bp | +30.6 bp | 36.25 | -2.05 % | -3.90 % | 06 Oct | ||
| 15 years | 7.445% | +8.8 bp | +27.3 bp | 34.06 | -1.22 % | -3.73 % | 06 Oct | ||
| 19 years | 7.541% | +15.5 bp | +22.4 bp | 25.12 | -2.71 % | -3.90 % | 06 Oct | ||
| 24 years | 7.343% | +2.6 bp | +11.7 bp | 18.26 | -0.54 % | -2.56 % | 06 Oct | ||
| 30 years | 7.567% | +11.4 bp | +25.1 bp | 11.21 | -3.11 % | -6.74 % | 06 Oct | ||
| 40 years | 7.569% | +9.4 bp | n.a. | 5.40 | -3.40 % | n.a. | 06 Oct | ||
Last Update: 6 Oct 2022 8:15 GMT+0
India 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 (5.90%) |
|||||
|---|---|---|---|---|---|---|---|---|
| 3 months | 1 year | 2 years | 5 years | 10 years | ||||
| 30 years | 7.567% | 166.7 bp | ||||||
| 10 years | 7.461% | 156.1 bp | ||||||
| 5 years | 7.357% | 145.7 bp | ||||||
| 2 years | 7.118% | 121.8 bp | ||||||
| 1 year | 6.767% | 86.7 bp | ||||||
| 3 months | 6.080% | 18.0 bp | ||||||
Focusing on 2 years Government Bond:
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| 2Y vs 1Y | 35.1 bp | Normal Convexity in Short-Term Maturities | ||
| 5Y vs 2Y | 23.9 bp | Normal Convexity in Mid-Term vs Short-Term Maturities | ||
| 10Y vs 2Y | 34.3 bp | Normal Convexity in Long-Term vs Short-Term Maturities |
Readings that may interest you
India 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
India Credit Ratings History
| Rating Agency | Rating | Outlook |
|---|---|---|
| Standard & Poor's |
BBB-
|
- |
| Moody's Investors Service |
Baa3
|
- |
| Fitch Ratings |
BBB-
|
- |
| DBRS |
BBB (low)
|
- |
India 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 | 5.90% |
India 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 | 107.14 | +7.66 % | +20.00 % | +44.80 % | 1.79 % |
(*) Implied probability of default, calculated on the hypothesis of a 40% recovery rate.
India 10Y Bond Yield Spread
The India 10Y Government Bond has a 7.461% 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
| India 10Y vs | Current Spread | Chg 1M | Chg 6M | ||
|---|---|---|---|---|---|
| Japan 10Y | 722.1 bp | +28.0 bp | +54.1 bp | Compare | |
| Germany 10Y | 540.8 bp | -15.2 bp | -86.2 bp | Compare | |
| France 10Y | 480.5 bp | -16.8 bp | -92.8 bp | Compare | |
| China 10Y | 471.1 bp | +15.9 bp | +59.4 bp | Compare | |
| Spain 10Y | 420.4 bp | -15.9 bp | -104.0 bp | Compare | |
| Canada 10Y | 417.0 bp | +18.0 bp | -21.8 bp | Compare | |
| United States 10Y | 368.2 bp | -15.5 bp | -63.7 bp | Compare | |
| Australia 10Y | 366.1 bp | +22.5 bp | -31.8 bp | Compare | |
| United Kingdom 10Y | 332.8 bp | -78.2 bp | -185.4 bp | Compare | |
| Italy 10Y | 298.2 bp | -23.4 bp | -163.8 bp | Compare | |
| Russia 10Y | -233.9 bp | -17.8 bp | +251.4 bp | Compare | |
| Brazil 10Y | -429.5 bp | +55.3 bp | +25.8 bp | Compare |
India 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% | ||||
| 40 years | 7.569% | 5.40 | 17.90 | 42.90 | 67.89 | 92.89 | 117.88 | ||
| 30 years | 7.567% | 11.21 | 22.94 | 46.41 | 69.88 | 93.35 | 116.81 | ||
| 24 years | 7.343% | 18.26 | 29.39 | 51.65 | 73.92 | 96.18 | 118.45 | ||
| 19 years | 7.541% | 25.12 | 35.05 | 54.91 | 74.77 | 94.63 | 114.49 | ||
| 15 years | 7.445% | 34.06 | 42.91 | 60.63 | 78.34 | 96.06 | 113.77 | ||
| 14 years | 7.518% | 36.25 | 44.73 | 61.69 | 78.65 | 95.61 | 112.57 | ||
| 13 years | 7.489% | 39.11 | 47.24 | 63.50 | 79.76 | 96.02 | 112.29 | ||
| 12 years | 7.458% | 42.18 | 49.94 | 65.44 | 80.94 | 96.45 | 111.95 | ||
| 11 years | 7.538% | 44.96 | 52.26 | 66.86 | 81.47 | 96.07 | 110.68 | ||
| 10 years | 7.461% | 48.70 | 55.57 | 69.32 | 83.08 | 96.83 | 110.58 | ||
| 9 years | 7.490% | 52.20 | 58.58 | 71.35 | 84.11 | 96.87 | 109.64 | ||
| 8 years | 7.495% | 56.09 | 61.95 | 73.67 | 85.38 | 97.10 | 108.82 | ||
| 7 years | 7.423% | 60.58 | 65.89 | 76.51 | 87.13 | 97.75 | 108.37 | ||
| 6 years | 7.419% | 65.09 | 69.80 | 79.21 | 88.62 | 98.03 | 107.44 | ||
| 5 years | 7.357% | 70.12 | 74.18 | 82.30 | 90.43 | 98.55 | 106.67 | ||
| 4 years | 7.313% | 75.40 | 78.77 | 85.49 | 92.22 | 98.95 | 105.67 | ||
| 3 years | 7.293% | 80.96 | 83.57 | 88.79 | 94.01 | 99.24 | 104.46 | ||
| 2 years | 7.118% | 87.15 | 88.96 | 92.57 | 96.18 | 99.79 | 103.40 | ||
| 1 year | 6.767% | 93.66 | 94.60 | 96.47 | 98.34 | 100.22 | 102.09 | ||
| Maturity Date | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | |||