COUNTRY • KENYA
Last Update: 30 Sep 2023 2:15 GMT+0

The Kenya 10Y Government Bond has a 16.744% yield.

10 Years vs 2 Years bond spread is 331 bp.
Normal Convexity in Long-Term vs Short-Term Maturities.

Central Bank Rate is 10.50% (last modification in June 2023).

The Kenya credit rating is B, 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
3 months 14.821% +83.6 bp +507.9 bp 28 Sep
6 months 14.950% +101.1 bp +473.4 bp 28 Sep
1 year 15.054% +128.9 bp +430.7 bp 86.92 -1.11 % -3.74 % 28 Sep
2 years 13.434% +26.7 bp +174.4 bp 77.72 -0.46 % -3.04 % 29 Sep
3 years 17.052% +59.7 bp +393.7 bp 62.35 -1.53 % -9.76 % 29 Sep
4 years 18.305% +43.7 bp +472.0 bp 51.05 -1.47 % -15.03 % 29 Sep
5 years 18.513% +22.5 bp +454.6 bp 42.77 -0.95 % -17.77 % 29 Sep
6 years 18.653% +15.4 bp +444.9 bp 35.84 -0.78 % -20.48 % 29 Sep
7 years 15.976% +22.8 bp +163.8 bp 35.43 -1.39 % -9.48 % 29 Sep
8 years 16.347% +23.9 bp +181.5 bp 29.78 -1.65 % -11.82 % 29 Sep
9 years 16.610% +23.9 bp +194.7 bp 25.08 -1.84 % -14.08 % 29 Sep
10 years 16.744% +25.0 bp +201.8 bp 21.26 -2.16 % -16.03 % 29 Sep
15 years 16.725% +15.8 bp +200.3 bp 9.83 -1.99 % -22.84 % 29 Sep
20 years 16.740% +10.8 bp +203.7 bp 4.52 -1.95 % -29.70 % 29 Sep
25 years 16.784% +9.9 bp +209.1 bp 2.07 -1.90 % -36.31 % 29 Sep
Last Update: 30 Sep 2023 2:15 GMT+0

Kenya 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 (10.50%)
3 months 1 year 2 years 5 years
10 years 16.744% 624.4 bp
5 years 18.513%
801.3 bp
2 years 13.434%
293.4 bp
1 year 15.054%
455.4 bp
3 months 14.821%
432.1 bp
Focusing on 2 years Government Bond:
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2Y vs 1Y -162 bp Yield Curve is inverted in Short-Term Maturities
5Y vs 2Y 507.9 bp Normal Convexity in Mid-Term vs Short-Term Maturities
10Y vs 2Y 331 bp Normal Convexity in Long-Term vs Short-Term Maturities

Kenya 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 Kenya Credit Ratings History
Rating Agency Rating Outlook
Standard & Poor's
B
negative
Moody's Investors Service
B3
negative
Fitch Ratings
B
negative
DBRS
-
-

Kenya 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 10.50%

Kenya 10Y Bond Yield Spread

The Kenya 10Y Government Bond has a 16.744% 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
Kenya 10Y vs Current Spread Chg 1M Chg 6M
Japan 10Y 1599.5 bp +12.2 bp +159.8 bp Compare
China 10Y 1403.8 bp +16.7 bp +218.6 bp Compare
Germany 10Y 1389.0 bp -6.4 bp +144.7 bp Compare
France 10Y 1332.8 bp -9.0 bp +138.6 bp Compare
Spain 10Y 1279.1 bp -13.9 bp +136.0 bp Compare
Canada 10Y 1267.5 bp -22.6 bp +86.6 bp Compare
United Kingdom 10Y 1228.6 bp +19.4 bp +102.5 bp Compare
Australia 10Y 1227.0 bp -17.4 bp +78.1 bp Compare
United States 10Y 1216.5 bp -14.8 bp +91.2 bp Compare
Italy 10Y 1192.9 bp -33.4 bp +128.0 bp Compare
India 10Y 953.4 bp +21.5 bp +212.3 bp Compare
Brazil 10Y 503.3 bp -30.9 bp +320.7 bp Compare
Russia 10Y 384.4 bp -57.0 bp -58.2 bp Compare

Kenya 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 16.784% 2.07 7.90 19.57 31.24 42.91 54.58
20 years 16.740% 4.52 10.23 21.64 33.04 44.45 55.86
15 years 16.725% 9.83 15.22 26.00 36.79 47.57 58.35
10 years 16.744% 21.26 25.97 35.37 44.78 54.18 63.59
9 years 16.610% 25.08 29.59 38.61 47.63 56.66 65.68
8 years 16.347% 29.78 34.08 42.67 51.26 59.85 68.44
7 years 15.976% 35.43 39.48 47.56 55.64 63.72 71.81
6 years 18.653% 35.84 39.28 46.16 53.04 59.92 66.80
5 years 18.513% 42.77 45.86 52.05 58.23 64.41 70.59
4 years 18.305% 51.05 53.72 59.07 64.42 69.77 75.12
3 years 17.052% 62.35 64.56 68.98 73.39 77.81 82.22
2 years 13.434% 77.72 79.38 82.69 86.01 89.33 92.65
1 year 15.054% 86.92 87.78 89.52 91.26 93.00 94.74
Maturity Date 100.00 100.00 100.00 100.00 100.00 100.00

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