Kenya Government Bonds - Yields Curve

COUNTRY • SUMMARY
KENYA
Last Update: 27 Apr 2024 2:15 GMT+0

The Kenya 10Y Government Bond has a 17.814% yield.

10 Years vs 2 Years bond spread is 55.7 bp.
Normal Convexity in Long-Term vs Short-Term Maturities.

Central Bank Rate is 13.00% (last modification in February 2024).

The Kenya credit rating is B, according to Standard & Poor's agency.

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Kenya Yield Curve

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 15.823% -90.8 bp +71.2 bp 25 Apr
6 months 16.460% -45.4 bp +133.1 bp 25 Apr
1 year 16.492% -49.7 bp +110.5 bp 85.84 +0.42 % -0.95 % 25 Apr
2 years 17.257% -47.6 bp +364.2 bp 72.73 +0.82 % -6.12 % 26 Apr
3 years 17.447% -63.8 bp +6.8 bp 61.73 +1.65 % -0.16 % 26 Apr
4 years 18.136% -78.4 bp -31.2 bp 51.34 +2.68 % +1.06 % 26 Apr
5 years 18.236% -90.4 bp -32.2 bp 43.28 +3.89 % +1.38 % 26 Apr
6 years 18.491% -77.9 bp -14.7 bp 36.13 +4.00 % +0.75 % 26 Apr
7 years 18.486% -106.0 bp +248.7 bp 30.50 +6.42 % -13.82 % 26 Apr
8 years 18.162% -149.8 bp +176.0 bp 26.31 +10.59 % -11.32 % 26 Apr
9 years 17.936% -156.2 bp +124.9 bp 22.66 +12.57 % -9.11 % 26 Apr
10 years 17.814% -159.5 bp +98.2 bp 19.41 +14.38 % -8.01 % 26 Apr
15 years 17.302% -129.5 bp +37.1 bp 9.13 +17.96 % -4.60 % 26 Apr
20 years 17.215% -69.5 bp +22.5 bp 4.17 +12.40 % -3.92 % 26 Apr
25 years 17.227% -66.3 bp +20.3 bp 1.88 +15.34 % -4.08 % 26 Apr
Last Update: 27 Apr 2024 2:15 GMT+0

Kenya Yield 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).

If data are not all visible, swipe table left
Residual
Maturity		 Yield Spread vs Bond Spread vs
Central Bank
Rate (13.00%)
3 months 1 year 2 years 5 years
10 years 17.814%
-42.2 bp
481.4 bp
5 years 18.236%
523.6 bp
2 years 17.257%
425.7 bp
1 year 16.492%
349.2 bp
3 months 15.823%
282.3 bp

Focusing on 2 years Government Bond:

If data are not all visible, swipe table left
2Y vs 1Y 76.5 bp Normal Convexity in Short-Term Maturities
5Y vs 2Y 97.9 bp Normal Convexity in Mid-Term vs Short-Term Maturities
10Y vs 2Y 55.7 bp Normal Convexity in Long-Term vs Short-Term Maturities
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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 13.00%

Kenya 10Y Bond Yield Spread

The Kenya 10Y Government Bond has a 17.814% yield.

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 Compare
Countries
vs Japan 10Y 1693.2 bp -176.6 bp +97.4 bp
vs China 10Y 1560.9 bp -148.8 bp +151.2 bp
vs Germany 10Y 1523.6 bp -188.3 bp +121.8 bp
vs France 10Y 1474.5 bp -187.5 bp +135.3 bp
vs Spain 10Y 1444.3 bp -183.4 bp +152.0 bp
vs Canada 10Y 1396.3 bp -197.8 bp +114.6 bp
vs Italy 10Y 1392.4 bp -187.0 bp +193.1 bp
vs United Kingdom 10Y 1348.6 bp -199.1 bp +121.6 bp
vs Australia 10Y 1327.4 bp -214.3 bp +125.5 bp
vs United States 10Y 1315.1 bp -207.0 bp +115.7 bp
vs India 10Y 1061.5 bp -172.2 bp +113.4 bp
vs Brazil 10Y 622.7 bp -226.0 bp +88.3 bp
vs Russia 10Y 336.4 bp -228.5 bp -97.8 bp

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 17.227% 1.88 7.58 18.97 30.36 41.75 53.14
20 years 17.215% 4.17 9.74 20.87 32.00 43.14 54.27
15 years 17.302% 9.13 14.38 24.89 35.39 45.89 56.40
10 years 17.814% 19.41 23.93 32.98 42.03 51.08 60.13
9 years 17.936% 22.66 26.97 35.59 44.22 52.84 61.47
8 years 18.162% 26.31 30.37 38.48 46.60 54.71 62.83
7 years 18.486% 30.50 34.26 41.78 49.30 56.82 64.34
6 years 18.491% 36.13 39.59 46.49 53.40 60.31 67.22
5 years 18.236% 43.28 46.39 52.61 58.83 65.05 71.27
4 years 18.136% 51.34 54.02 59.39 64.76 70.12 75.49
3 years 17.447% 61.73 63.92 68.31 72.70 77.08 81.47
2 years 17.257% 72.73 74.31 77.47 80.63 83.79 86.95
1 year 16.492% 85.84 86.70 88.42 90.13 91.85 93.57
Maturity Date 100.00 100.00 100.00 100.00 100.00 100.00

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