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.
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 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).
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 (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:
If data are not all visible, swipe table left
| 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 |
Readings that may interest you
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.
If data are not all visible, swipe table left
| 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 | |||