COUNTRY •
KENYA
Last Update: 27 Jun 2022 8:15 GMT+0
The Kenya 10Y Government Bond has a 13.897% yield.
10 Years vs 2 Years bond spread is 225.4 bp. Normal Convexity in Long-Term vs Short-Term Maturities.
Central Bank Rate is 7.50% (last modification in May 2022).
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 | 7.925% | +16.7 bp | +66.0 bp | 20 Jun | |||||
6 months | 9.096% | +26.4 bp | +111.9 bp | 20 Jun | |||||
1 year | 9.961% | +8.2 bp | +79.7 bp | 90.94 | -0.08 % | -0.73 % | 20 Jun | ||
2 years | 11.643% | -2.1 bp | +207.2 bp | 80.23 | +0.04 % | -3.67 % | 27 Jun | ||
3 years | 12.333% | +24.4 bp | +212.7 bp | 70.55 | -0.65 % | -5.57 % | 27 Jun | ||
4 years | 12.837% | +31.1 bp | +199.3 bp | 61.69 | -1.09 % | -6.87 % | 27 Jun | ||
5 years | 13.266% | +25.7 bp | +157.8 bp | 53.64 | -1.12 % | -6.78 % | 27 Jun | ||
6 years | 13.490% | +18.5 bp | +131.1 bp | 46.80 | -0.97 % | -6.74 % | 27 Jun | ||
7 years | 13.839% | +13.2 bp | +147.5 bp | 40.36 | -0.81 % | -8.73 % | 27 Jun | ||
8 years | 13.998% | +16.7 bp | +120.3 bp | 35.06 | -1.16 % | -8.15 % | 27 Jun | ||
9 years | 14.163% | +19.3 bp | +124.6 bp | 30.36 | -1.49 % | -9.40 % | 27 Jun | ||
10 years | 13.897% | -6.4 bp | +85.7 bp | 27.22 | +0.55 % | -7.26 % | 27 Jun | ||
15 years | 14.284% | -20.4 bp | +70.8 bp | 13.50 | +2.74 % | -8.85 % | 27 Jun | ||
20 years | 14.348% | -21.6 bp | +35.8 bp | 6.85 | +3.95 % | -6.04 % | 27 Jun | ||
25 years | 14.380% | -22.2 bp | +22.8 bp | 3.48 | +5.14 % | -4.92 % | 27 Jun |
Last Update: 27 Jun 2022 8:15 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).
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 (7.50%) |
||||
---|---|---|---|---|---|---|---|
3 months | 1 year | 2 years | 5 years | ||||
10 years | 13.897% | 639.7 bp | |||||
5 years | 13.266% | 576.6 bp | |||||
2 years | 11.643% | 414.3 bp | |||||
1 year | 9.961% | 246.1 bp | |||||
3 months | 7.925% | 42.5 bp |
Focusing on 2 years Government Bond:
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2Y vs 1Y | 168.2 bp | Normal Convexity in Short-Term Maturities | ||
5Y vs 2Y | 162.3 bp | Normal Convexity in Mid-Term vs Short-Term Maturities | ||
10Y vs 2Y | 225.4 bp | Normal Convexity in Long-Term vs Short-Term Maturities |
Readings that may interest you
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
|
- |
Moody's Investors Service |
B2
|
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 | 7.50% |
Kenya 10Y Bond Yield Spread
The Kenya 10Y Government Bond has a 13.897% 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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Kenya 10Y vs | Current Spread | Chg 1M | Chg 6M | ||
---|---|---|---|---|---|
Japan 10Y | 1366.9 bp | -6.9 bp | +68.7 bp | Compare | |
Germany 10Y | 1240.5 bp | -58.0 bp | -87.7 bp | Compare | |
France 10Y | 1187.5 bp | -59.2 bp | -104.0 bp | Compare | |
United Kingdom 10Y | 1152.6 bp | -51.1 bp | -59.1 bp | Compare | |
Spain 10Y | 1129.8 bp | -57.5 bp | -123.1 bp | Compare | |
China 10Y | 1104.6 bp | -16.5 bp | +83.3 bp | Compare | |
United States 10Y | 1073.7 bp | -48.1 bp | -82.4 bp | Compare | |
Canada 10Y | 1056.4 bp | -60.7 bp | -100.0 bp | Compare | |
Italy 10Y | 1028.9 bp | -77.6 bp | -163.2 bp | Compare | |
Australia 10Y | 1011.6 bp | -59.6 bp | -133.0 bp | Compare | |
India 10Y | 646.4 bp | -14.7 bp | -11.1 bp | Compare | |
Russia 10Y | 520.7 bp | +75.6 bp | +58.2 bp | Compare | |
Brazil 10Y | 122.9 bp | -29.9 bp | -111.7 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.
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Residual Maturity |
Yield | Bond Price - with different Coupon Rates | Fx | ||||||
---|---|---|---|---|---|---|---|---|---|
0% | 1% | 3% | 5% | 7% | 9% | ||||
25 years | 14.380% | 3.48 | 10.19 | 23.61 | 37.04 | 50.46 | 63.89 | ||
20 years | 14.348% | 6.85 | 13.34 | 26.32 | 39.31 | 52.29 | 65.28 | ||
15 years | 14.284% | 13.50 | 19.55 | 31.66 | 43.78 | 55.89 | 68.00 | ||
10 years | 13.897% | 27.22 | 32.46 | 42.93 | 53.41 | 63.88 | 74.35 | ||
9 years | 14.163% | 30.36 | 35.28 | 45.11 | 54.94 | 64.78 | 74.61 | ||
8 years | 13.998% | 35.06 | 39.70 | 48.98 | 58.26 | 67.54 | 76.81 | ||
7 years | 13.839% | 40.36 | 44.67 | 53.29 | 61.91 | 70.53 | 79.15 | ||
6 years | 13.490% | 46.80 | 50.74 | 58.63 | 66.52 | 74.41 | 82.29 | ||
5 years | 13.266% | 53.64 | 57.14 | 64.13 | 71.11 | 78.10 | 85.09 | ||
4 years | 12.837% | 61.69 | 64.67 | 70.64 | 76.61 | 82.58 | 88.55 | ||
3 years | 12.333% | 70.55 | 72.94 | 77.71 | 82.49 | 87.26 | 92.04 | ||
2 years | 11.643% | 80.23 | 81.93 | 85.32 | 88.72 | 92.12 | 95.51 | ||
1 year | 9.961% | 90.94 | 91.85 | 93.67 | 95.49 | 97.31 | 99.13 | ||
Maturity Date | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 |