COUNTRY • KAZAKHSTAN
Last Update: 24 Sep 2023 2:15 GMT+0

The Kazakhstan 10Y Government Bond has a 11.601% yield.

10 Years vs 2 Years bond spread is -207.4 bp.
Yield Curve is inverted in Long-Term vs Short-Term Maturities.

Central Bank Rate is 16.50% (last modification in August 2023).

The Kazakhstan credit rating is BBB-, according to Standard & Poor's agency.

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Residual
Maturity
Yield ZC Price Last
Change
Last Chg 1M Chg 6M Last Chg 1M Chg 6M
1 month 15.691% -3344.6 bp -207.9 bp 22 Sep
3 months 15.554% -22.0 bp -166.5 bp 22 Sep
6 months 14.724% -93.4 bp -154.1 bp 22 Sep
1 year 14.148% -68.9 bp -134.5 bp 87.61 +0.61 % +1.18 % 22 Sep
2 years 13.675% -77.1 bp -157.5 bp 77.39 +1.36 % +2.79 % 22 Sep
3 years 13.481% -86.2 bp -151.0 bp 68.43 +2.30 % +4.04 % 22 Sep
4 years 12.967% -92.8 bp -178.4 bp 61.40 +3.31 % +6.47 % 22 Sep
5 years 12.733% -65.1 bp -197.4 bp 54.92 +2.92 % +9.05 % 22 Sep
6 years 12.505% -50.0 bp -186.5 bp 49.31 +2.69 % +10.36 % 22 Sep
7 years 12.367% -50.1 bp -204.0 bp 44.21 +3.15 % +13.42 % 22 Sep
8 years 12.044% -50.0 bp -216.8 bp 40.26 +3.63 % +16.56 % 22 Sep
9 years 11.804% -70.1 bp -195.6 bp 36.63 +5.78 % +16.88 % 22 Sep
10 years 11.601% -40.1 bp -200.5 bp 33.37 +3.67 % +19.52 % 22 Sep
15 years 11.424% -35.6 bp -197.1 bp 19.74 +4.89 % +30.13 % 22 Sep
25 years 11.201% -30.0 bp -179.9 bp 7.04 +6.99 % +49.47 % 22 Sep
Last Update: 24 Sep 2023 2:15 GMT+0

Kazakhstan 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).
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Residual
Maturity
Yield Spread vs Bond Spread vs
Central Bank
Rate (16.50%)
3 months 1 year 2 years 5 years
10 years 11.601% -489.9 bp
5 years 12.733%
-376.7 bp
2 years 13.675%
-282.5 bp
1 year 14.148%
-235.2 bp
3 months 15.554%
-94.6 bp
Focusing on 2 years Government Bond:
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2Y vs 1Y -47.3 bp Yield Curve is inverted in Short-Term Maturities
5Y vs 2Y -94.2 bp Yield Curve is inverted in Mid-Term vs Short-Term Maturities
10Y vs 2Y -207.4 bp Yield Curve is inverted in Long-Term vs Short-Term Maturities

Kazakhstan 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 Kazakhstan Credit Ratings History
Rating Agency Rating Outlook
Standard & Poor's
BBB-
-
Moody's Investors Service
Baa2
-
Fitch Ratings
BBB
-
DBRS
-
-

Kazakhstan 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 16.50%

Kazakhstan 10Y Bond Yield Spread

The Kazakhstan 10Y Government Bond has a 11.601% 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.
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Kazakhstan 10Y vs Current Spread Chg 1M Chg 6M
Japan 10Y 1087.7 bp -47.4 bp -247.0 bp Compare
China 10Y 889.4 bp -52.5 bp -182.0 bp Compare
Germany 10Y 886.9 bp -57.7 bp -258.7 bp Compare
France 10Y 831.6 bp -59.7 bp -262.1 bp Compare
Spain 10Y 779.5 bp -62.8 bp -259.3 bp Compare
Canada 10Y 765.1 bp -61.9 bp -318.9 bp Compare
United Kingdom 10Y 735.5 bp -21.2 bp -296.7 bp Compare
Australia 10Y 729.4 bp -56.6 bp -308.5 bp Compare
United States 10Y 716.4 bp -60.5 bp -307.0 bp Compare
Italy 10Y 696.9 bp -80.1 bp -263.4 bp Compare
India 10Y 445.1 bp -34.5 bp -183.7 bp Compare
Brazil 10Y 18.0 bp -71.3 bp -44.0 bp Compare
Russia 10Y -96.9 bp -103.1 bp -341.5 bp Compare

Kazakhstan 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%
25 years 11.201% 7.04 15.33 31.93 48.53 65.13 81.73
15 years 11.424% 19.74 26.76 40.82 54.87 68.92 82.97
10 years 11.601% 33.37 39.11 50.60 62.09 73.57 85.06
9 years 11.804% 36.63 42.00 52.74 63.47 74.21 84.95
8 years 12.044% 40.26 45.22 55.14 65.06 74.98 84.90
7 years 12.367% 44.21 48.72 57.74 66.77 75.79 84.81
6 years 12.505% 49.31 53.37 61.47 69.58 77.69 85.79
5 years 12.733% 54.92 58.46 65.54 72.62 79.70 86.78
4 years 12.967% 61.40 64.38 70.33 76.29 82.24 88.19
3 years 13.481% 68.43 70.77 75.45 80.14 84.82 89.51
2 years 13.675% 77.39 79.04 82.35 85.66 88.96 92.27
1 year 14.148% 87.61 88.48 90.23 91.99 93.74 95.49
Maturity Date 100.00 100.00 100.00 100.00 100.00 100.00

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