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).
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 |
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
|
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.
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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.
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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 |