COUNTRY •
INDIA
Last Update: 27 Jun 2022 8:15 GMT+0
The India 10Y Government Bond has a 7.433% yield.
10 Years vs 2 Years bond spread is 84.8 bp. Normal Convexity in Long-Term vs Short-Term Maturities.
Central Bank Rate is 4.90% (last modification in June 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 | 5.080% | +18.0 bp | +144.0 bp | 27 Jun | |||||
| 6 months | 5.680% | +21.0 bp | +173.0 bp | 27 Jun | |||||
| 1 year | 6.274% | +36.2 bp | +182.0 bp | 94.10 | -0.34 % | -1.71 % | 27 Jun | ||
| 2 years | 6.585% | +26.4 bp | +130.6 bp | 88.03 | -0.49 % | -2.43 % | 27 Jun | ||
| 3 years | 7.022% | +16.5 bp | +174.4 bp | 81.58 | -0.46 % | -4.81 % | 27 Jun | ||
| 4 years | 7.157% | +15.1 bp | +133.8 bp | 75.84 | -0.56 % | -4.90 % | 27 Jun | ||
| 5 years | 7.269% | +12.8 bp | +141.1 bp | 70.41 | -0.59 % | -6.41 % | 27 Jun | ||
| 6 years | 7.348% | +14.7 bp | +107.6 bp | 65.35 | -0.82 % | -5.86 % | 27 Jun | ||
| 7 years | 7.372% | +14.1 bp | +98.4 bp | 60.78 | -0.91 % | -6.25 % | 27 Jun | ||
| 8 years | 7.496% | +23.7 bp | +100.1 bp | 56.09 | -1.75 % | -7.21 % | 27 Jun | ||
| 9 years | 7.431% | +7.3 bp | +103.9 bp | 52.46 | -0.61 % | -8.38 % | 27 Jun | ||
| 10 years | 7.433% | +8.3 bp | +96.8 bp | 48.82 | -0.77 % | -8.66 % | 27 Jun | ||
| 11 years | 7.576% | +9.6 bp | +95.8 bp | 44.78 | -0.99 % | -9.39 % | 27 Jun | ||
| 12 years | 7.490% | +1.1 bp | +79.8 bp | 42.03 | -0.12 % | -8.55 % | 27 Jun | ||
| 13 years | 7.575% | +6.6 bp | +67.6 bp | 38.70 | -0.79 % | -7.88 % | 27 Jun | ||
| 14 years | 7.607% | +8.9 bp | +70.8 bp | 35.83 | -1.16 % | -8.83 % | 27 Jun | ||
| 15 years | 7.624% | +4.7 bp | +73.9 bp | 33.22 | -0.66 % | -9.80 % | 27 Jun | ||
| 19 years | 7.605% | +6.2 bp | +62.3 bp | 24.84 | -1.11 % | -10.45 % | 27 Jun | ||
| 24 years | 7.519% | -4.6 bp | +53.5 bp | 17.55 | +1.04 % | -11.32 % | 27 Jun | ||
| 30 years | 7.730% | +10.1 bp | +66.9 bp | 10.71 | -2.81 % | -17.04 % | 27 Jun | ||
| 40 years | 7.700% | +7.1 bp | n.a. | 5.14 | -2.65 % | n.a. | 27 Jun | ||
Last Update: 27 Jun 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 (4.90%) |
|||||
|---|---|---|---|---|---|---|---|---|
| 3 months | 1 year | 2 years | 5 years | 10 years | ||||
| 30 years | 7.730% | 283.0 bp | ||||||
| 10 years | 7.433% | 253.3 bp | ||||||
| 5 years | 7.269% | 236.9 bp | ||||||
| 2 years | 6.585% | 168.5 bp | ||||||
| 1 year | 6.274% | 137.4 bp | ||||||
| 3 months | 5.080% | 18.0 bp | ||||||
Focusing on 2 years Government Bond:
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| 2Y vs 1Y | 31.1 bp | Normal Convexity in Short-Term Maturities | ||
| 5Y vs 2Y | 68.4 bp | Normal Convexity in Mid-Term vs Short-Term Maturities | ||
| 10Y vs 2Y | 84.8 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 | 4.90% |
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 7.433% 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 | 720.5 bp | +7.8 bp | +79.8 bp | Compare | |
| Germany 10Y | 594.1 bp | -43.3 bp | -76.6 bp | Compare | |
| France 10Y | 541.1 bp | -44.5 bp | -92.9 bp | Compare | |
| United Kingdom 10Y | 506.2 bp | -36.4 bp | -48.0 bp | Compare | |
| Spain 10Y | 483.4 bp | -42.8 bp | -112.0 bp | Compare | |
| China 10Y | 458.2 bp | -1.8 bp | +94.4 bp | Compare | |
| United States 10Y | 427.3 bp | -33.4 bp | -71.3 bp | Compare | |
| Canada 10Y | 410.0 bp | -46.0 bp | -88.9 bp | Compare | |
| Italy 10Y | 382.5 bp | -62.9 bp | -152.1 bp | Compare | |
| Australia 10Y | 365.2 bp | -44.9 bp | -121.9 bp | Compare | |
| Russia 10Y | -125.7 bp | +90.3 bp | +69.3 bp | Compare | |
| Brazil 10Y | -523.5 bp | -15.2 bp | -100.6 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 | 7.700% | 5.14 | 17.46 | 42.10 | 66.74 | 91.38 | 116.01 | ||
| 30 years | 7.730% | 10.71 | 22.26 | 45.36 | 68.47 | 91.57 | 114.67 | ||
| 24 years | 7.519% | 17.55 | 28.52 | 50.45 | 72.38 | 94.31 | 116.24 | ||
| 19 years | 7.605% | 24.84 | 34.72 | 54.49 | 74.26 | 94.02 | 113.79 | ||
| 15 years | 7.624% | 33.22 | 41.98 | 59.50 | 77.01 | 94.53 | 112.05 | ||
| 14 years | 7.607% | 35.83 | 44.26 | 61.14 | 78.01 | 94.88 | 111.75 | ||
| 13 years | 7.575% | 38.70 | 46.80 | 62.98 | 79.16 | 95.35 | 111.53 | ||
| 12 years | 7.490% | 42.03 | 49.77 | 65.25 | 80.73 | 96.21 | 111.69 | ||
| 11 years | 7.576% | 44.78 | 52.07 | 66.65 | 81.23 | 95.80 | 110.38 | ||
| 10 years | 7.433% | 48.82 | 55.71 | 69.48 | 83.25 | 97.02 | 110.79 | ||
| 9 years | 7.431% | 52.46 | 58.86 | 71.65 | 84.45 | 97.24 | 110.04 | ||
| 8 years | 7.496% | 56.09 | 61.95 | 73.66 | 85.38 | 97.09 | 108.81 | ||
| 7 years | 7.372% | 60.78 | 66.10 | 76.74 | 87.38 | 98.02 | 108.66 | ||
| 6 years | 7.348% | 65.35 | 70.06 | 79.50 | 88.93 | 98.36 | 107.79 | ||
| 5 years | 7.269% | 70.41 | 74.48 | 82.62 | 90.76 | 98.90 | 107.05 | ||
| 4 years | 7.157% | 75.84 | 79.22 | 85.97 | 92.72 | 99.47 | 106.22 | ||
| 3 years | 7.022% | 81.58 | 84.20 | 89.45 | 94.70 | 99.94 | 105.19 | ||
| 2 years | 6.585% | 88.03 | 89.84 | 93.48 | 97.12 | 100.75 | 104.39 | ||
| 1 year | 6.274% | 94.10 | 95.04 | 96.92 | 98.80 | 100.68 | 102.57 | ||
| Maturity Date | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | |||