COUNTRY •
KENYA
Last Update: 9 Feb 2023 0:15 GMT+0
The Kenya 10Y Government Bond has a 14.349% yield.
10 Years vs 2 Years bond spread is 266.6 bp. Normal Convexity in Long-Term vs Short-Term Maturities.
Central Bank Rate is 8.75% (last modification in November 2022).
The Kenya credit rating is B, 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 | ||||
3 months | 9.581% | +18.9 bp | +110.8 bp | 08 Feb | |||||
6 months | 9.997% | +15.0 bp | +59.7 bp | 08 Feb | |||||
1 year | 10.550% | +18.1 bp | +63.0 bp | 90.46 | -0.17 % | -0.57 % | 08 Feb | ||
2 years | 11.683% | +0.4 bp | +8.6 bp | 80.17 | -0.01 % | -0.16 % | 08 Feb | ||
3 years | 12.876% | +16.1 bp | +64.4 bp | 69.53 | -0.43 % | -1.71 % | 08 Feb | ||
4 years | 13.403% | 0.0 bp | +48.3 bp | 60.46 | 0.00 % | -1.71 % | 08 Feb | ||
5 years | 13.842% | -5.1 bp | +52.1 bp | 52.30 | +0.23 % | -2.26 % | 08 Feb | ||
6 years | 14.095% | +19.4 bp | +57.7 bp | 45.33 | -1.03 % | -3.00 % | 08 Feb | ||
7 years | 14.165% | +16.2 bp | +30.9 bp | 39.56 | -1.00 % | -1.88 % | 08 Feb | ||
8 years | 14.262% | +9.7 bp | +22.3 bp | 34.42 | -0.66 % | -1.54 % | 08 Feb | ||
9 years | 14.318% | +4.4 bp | +9.8 bp | 29.99 | -0.33 % | -0.76 % | 08 Feb | ||
10 years | 14.349% | +2.3 bp | +11.8 bp | 26.16 | -0.23 % | -1.02 % | 08 Feb | ||
15 years | 14.479% | +4.4 bp | -6.3 bp | 13.16 | -0.53 % | +0.84 % | 08 Feb | ||
20 years | 14.561% | +2.9 bp | -7.5 bp | 6.60 | -0.45 % | +1.38 % | 08 Feb | ||
25 years | 14.584% | +2.2 bp | -8.1 bp | 3.33 | -0.30 % | +1.83 % | 08 Feb |
Last Update: 9 Feb 2023 0:15 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 (8.75%) |
||||
---|---|---|---|---|---|---|---|
3 months | 1 year | 2 years | 5 years | ||||
10 years | 14.349% | 559.9 bp | |||||
5 years | 13.842% | 509.2 bp | |||||
2 years | 11.683% | 293.3 bp | |||||
1 year | 10.550% | 180.0 bp | |||||
3 months | 9.581% | 83.1 bp |
Focusing on 2 years Government Bond:
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2Y vs 1Y | 113.3 bp | Normal Convexity in Short-Term Maturities | ||
5Y vs 2Y | 215.9 bp | Normal Convexity in Mid-Term vs Short-Term Maturities | ||
10Y vs 2Y | 266.6 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
|
- |
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 | 8.75% |
Kenya 10Y Bond Yield Spread
The Kenya 10Y Government Bond has a 14.349% 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 | 1386.1 bp | +3.3 bp | -20.2 bp | Compare | |
Germany 10Y | 1198.7 bp | -10.6 bp | -132.4 bp | Compare | |
France 10Y | 1154.3 bp | -4.7 bp | -121.1 bp | Compare | |
China 10Y | 1143.0 bp | +0.9 bp | -5.3 bp | Compare | |
Canada 10Y | 1131.3 bp | +9.2 bp | -20.7 bp | Compare | |
United Kingdom 10Y | 1101.4 bp | +22.0 bp | -122.6 bp | Compare | |
Spain 10Y | 1097.9 bp | -6.7 bp | -118.9 bp | Compare | |
United States 10Y | 1075.1 bp | -4.7 bp | -69.4 bp | Compare | |
Australia 10Y | 1074.2 bp | +11.7 bp | -26.3 bp | Compare | |
Italy 10Y | 1014.0 bp | +0.7 bp | -101.3 bp | Compare | |
India 10Y | 700.5 bp | +2.1 bp | +12.2 bp | Compare | |
Russia 10Y | 366.9 bp | -31.7 bp | -151.2 bp | Compare | |
Brazil 10Y | 104.3 bp | -28.1 bp | -104.9 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 | 14.584% | 3.33 | 9.95 | 23.21 | 36.47 | 49.73 | 62.98 | ||
20 years | 14.561% | 6.60 | 13.01 | 25.84 | 38.67 | 51.50 | 64.33 | ||
15 years | 14.479% | 13.16 | 19.15 | 31.15 | 43.15 | 55.14 | 67.14 | ||
10 years | 14.349% | 26.16 | 31.31 | 41.60 | 51.89 | 62.18 | 72.47 | ||
9 years | 14.318% | 29.99 | 34.88 | 44.66 | 54.44 | 64.22 | 74.00 | ||
8 years | 14.262% | 34.42 | 39.02 | 48.21 | 57.41 | 66.61 | 75.80 | ||
7 years | 14.165% | 39.56 | 43.83 | 52.36 | 60.90 | 69.43 | 77.96 | ||
6 years | 14.095% | 45.33 | 49.21 | 56.97 | 64.72 | 72.48 | 80.24 | ||
5 years | 13.842% | 52.30 | 55.74 | 62.64 | 69.53 | 76.42 | 83.31 | ||
4 years | 13.403% | 60.46 | 63.41 | 69.31 | 75.21 | 81.11 | 87.01 | ||
3 years | 12.876% | 69.53 | 71.90 | 76.63 | 81.36 | 86.10 | 90.83 | ||
2 years | 11.683% | 80.17 | 81.87 | 85.26 | 88.66 | 92.05 | 95.45 | ||
1 year | 10.550% | 90.46 | 91.36 | 93.17 | 94.98 | 96.79 | 98.60 | ||
Maturity Date | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 |