COUNTRY •
KENYA
Last Update: 9 Jun 2023 8:15 GMT+0
The Kenya 10Y Government Bond has a 14.981% yield.
10 Years vs 2 Years bond spread is 311.8 bp. Normal Convexity in Long-Term vs Short-Term Maturities.
Central Bank Rate is 9.50% (last modification in March 2023).
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 | 10.832% | +55.7 bp | +155.7 bp | 29 May | |||||
6 months | 11.113% | +60.2 bp | +136.1 bp | 29 May | |||||
1 year | 11.457% | +33.3 bp | +123.2 bp | 89.72 | -0.30 % | -1.10 % | 29 May | ||
2 years | 11.863% | +23.3 bp | +18.7 bp | 79.91 | -0.42 % | -0.34 % | 09 Jun | ||
3 years | 13.839% | +5.4 bp | +123.3 bp | 67.78 | -0.15 % | -3.23 % | 09 Jun | ||
4 years | 14.296% | +18.4 bp | +100.2 bp | 58.60 | -0.64 % | -3.46 % | 09 Jun | ||
5 years | 14.506% | +23.3 bp | +71.0 bp | 50.80 | -1.01 % | -3.05 % | 09 Jun | ||
6 years | 14.630% | +26.9 bp | +78.4 bp | 44.08 | -1.39 % | -4.03 % | 09 Jun | ||
7 years | 14.561% | -0.3 bp | +58.0 bp | 38.61 | 0.00 % | -3.50 % | 09 Jun | ||
8 years | 14.759% | +8.7 bp | +63.7 bp | 33.24 | -0.63 % | -4.37 % | 09 Jun | ||
9 years | 14.901% | +15.1 bp | +68.2 bp | 28.65 | -1.17 % | -5.20 % | 09 Jun | ||
10 years | 14.981% | +18.4 bp | +72.0 bp | 24.76 | -1.59 % | -6.07 % | 09 Jun | ||
15 years | 15.111% | +23.8 bp | +67.7 bp | 12.11 | -3.04 % | -8.47 % | 09 Jun | ||
20 years | 15.241% | +35.6 bp | +71.0 bp | 5.86 | -5.94 % | -11.61 % | 09 Jun | ||
25 years | 15.314% | +46.0 bp | +75.1 bp | 2.84 | -9.55 % | -14.97 % | 09 Jun |
Last Update: 9 Jun 2023 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 (9.50%) |
||||
---|---|---|---|---|---|---|---|
3 months | 1 year | 2 years | 5 years | ||||
10 years | 14.981% | 548.1 bp | |||||
5 years | 14.506% | 500.6 bp | |||||
2 years | 11.863% | 236.3 bp | |||||
1 year | 11.457% | 195.7 bp | |||||
3 months | 10.832% | 133.2 bp |
Focusing on 2 years Government Bond:
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2Y vs 1Y | 40.6 bp | Normal Convexity in Short-Term Maturities | ||
5Y vs 2Y | 264.3 bp | Normal Convexity in Mid-Term vs Short-Term Maturities | ||
10Y vs 2Y | 311.8 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
|
negative |
Moody's Investors Service |
B3
|
- |
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 | 9.50% |
Kenya 10Y Bond Yield Spread
The Kenya 10Y Government Bond has a 14.981% 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 | 1455.7 bp | +18.1 bp | +55.5 bp | Compare | |
Germany 10Y | 1260.7 bp | +16.8 bp | +28.1 bp | Compare | |
China 10Y | 1227.7 bp | +24.7 bp | +94.1 bp | Compare | |
France 10Y | 1206.6 bp | +21.6 bp | +20.3 bp | Compare | |
Spain 10Y | 1163.3 bp | +29.1 bp | +33.0 bp | Compare | |
Canada 10Y | 1158.0 bp | -24.3 bp | +22.0 bp | Compare | |
United States 10Y | 1123.6 bp | -3.3 bp | +56.3 bp | Compare | |
Australia 10Y | 1104.2 bp | -28.3 bp | +14.7 bp | Compare | |
Italy 10Y | 1086.6 bp | +34.2 bp | +45.1 bp | Compare | |
United Kingdom 10Y | 1073.9 bp | -19.9 bp | -33.7 bp | Compare | |
India 10Y | 794.2 bp | +19.1 bp | +98.0 bp | Compare | |
Russia 10Y | 414.1 bp | -1.6 bp | -1.5 bp | Compare | |
Brazil 10Y | 381.4 bp | +131.2 bp | +254.3 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 | 15.314% | 2.84 | 9.18 | 21.87 | 34.56 | 47.25 | 59.94 | ||
20 years | 15.241% | 5.86 | 12.04 | 24.39 | 36.74 | 49.10 | 61.45 | ||
15 years | 15.111% | 12.11 | 17.93 | 29.56 | 41.19 | 52.83 | 64.46 | ||
10 years | 14.981% | 24.76 | 29.78 | 39.83 | 49.87 | 59.92 | 69.96 | ||
9 years | 14.901% | 28.65 | 33.44 | 43.01 | 52.59 | 62.17 | 71.74 | ||
8 years | 14.759% | 33.24 | 37.77 | 46.81 | 55.86 | 64.91 | 73.95 | ||
7 years | 14.561% | 38.61 | 42.83 | 51.26 | 59.69 | 68.12 | 76.56 | ||
6 years | 14.630% | 44.08 | 47.90 | 55.54 | 63.19 | 70.83 | 78.48 | ||
5 years | 14.506% | 50.80 | 54.19 | 60.97 | 67.76 | 74.54 | 81.33 | ||
4 years | 14.296% | 58.60 | 61.49 | 67.29 | 73.08 | 78.87 | 84.66 | ||
3 years | 13.839% | 67.78 | 70.11 | 74.77 | 79.42 | 84.08 | 88.74 | ||
2 years | 11.863% | 79.91 | 81.61 | 84.99 | 88.38 | 91.77 | 95.15 | ||
1 year | 11.457% | 89.72 | 90.62 | 92.41 | 94.21 | 96.00 | 97.80 | ||
Maturity Date | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 |