COUNTRY • KENYA
Last Update: 6 Oct 2022 8:15 GMT+0

The Kenya 10Y Government Bond has a 14.297% yield.

10 Years vs 2 Years bond spread is 244.5 bp.
Normal Convexity in Long-Term vs Short-Term Maturities.

Central Bank Rate is 8.25% (last modification in September 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 8.951% +9.1 bp +164.9 bp 26 Sep
6 months 9.625% +4.9 bp +146.1 bp 26 Sep
1 year 9.909% +3.3 bp +15.7 bp 90.98 -0.03 % -0.14 % 26 Sep
2 years 11.852% +34.0 bp +198.9 bp 79.93 -0.61 % -3.52 % 06 Oct
3 years 12.158% +0.7 bp +127.8 bp 70.88 -0.01 % -3.38 % 06 Oct
4 years 12.844% -0.3 bp +134.5 bp 61.67 0.00 % -4.68 % 06 Oct
5 years 13.271% -0.3 bp +99.6 bp 53.63 +0.02 % -4.32 % 06 Oct
6 years 13.814% +3.3 bp +113.9 bp 46.01 -0.17 % -5.85 % 06 Oct
7 years 13.985% +11.7 bp +117.2 bp 40.00 -0.72 % -6.98 % 06 Oct
8 years 14.047% +7.4 bp +88.3 bp 34.94 -0.51 % -6.02 % 06 Oct
9 years 14.156% +2.9 bp +88.2 bp 30.37 -0.23 % -6.75 % 06 Oct
10 years 14.297% +17.3 bp +91.3 bp 26.28 -1.50 % -7.72 % 06 Oct
15 years 14.358% -2.2 bp +16.2 bp 13.37 +0.30 % -2.05 % 06 Oct
20 years 14.434% +0.7 bp -7.1 bp 6.74 -0.15 % +1.20 % 06 Oct
25 years 14.474% -0.2 bp -9.0 bp 3.41 0.00 % +2.10 % 06 Oct
Last Update: 6 Oct 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).
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Residual
Maturity
Yield Spread vs Bond Spread vs
Central Bank
Rate (8.25%)
3 months 1 year 2 years 5 years
10 years 14.297% 604.7 bp
5 years 13.271%
502.1 bp
2 years 11.852%
360.2 bp
1 year 9.909%
165.9 bp
3 months 8.951%
70.1 bp
Focusing on 2 years Government Bond:
If data are not all visible, swipe table left
2Y vs 1Y 194.3 bp Normal Convexity in Short-Term Maturities
5Y vs 2Y 141.9 bp Normal Convexity in Mid-Term vs Short-Term Maturities
10Y vs 2Y 244.5 bp Normal Convexity in Long-Term vs Short-Term Maturities

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 8.25%

Kenya 10Y Bond Yield Spread

The Kenya 10Y Government Bond has a 14.297% 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.
If data are not all visible, swipe table left
Kenya 10Y vs Current Spread Chg 1M Chg 6M
Japan 10Y 1405.7 bp +17.1 bp +91.0 bp Compare
Germany 10Y 1224.4 bp -26.1 bp -49.3 bp Compare
France 10Y 1164.1 bp -27.7 bp -55.9 bp Compare
China 10Y 1154.7 bp +5.0 bp +96.3 bp Compare
Spain 10Y 1104.0 bp -26.8 bp -67.1 bp Compare
Canada 10Y 1100.6 bp +7.1 bp +15.1 bp Compare
United States 10Y 1051.8 bp -26.4 bp -26.8 bp Compare
Australia 10Y 1049.7 bp +11.6 bp +5.1 bp Compare
United Kingdom 10Y 1016.4 bp -89.1 bp -148.5 bp Compare
Italy 10Y 981.8 bp -34.3 bp -126.9 bp Compare
India 10Y 683.6 bp -10.9 bp +36.9 bp Compare
Russia 10Y 449.7 bp -28.7 bp +288.3 bp Compare
Brazil 10Y 254.1 bp +44.4 bp +62.7 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.
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 14.474% 3.41 10.08 23.43 36.77 50.12 63.47
20 years 14.434% 6.74 13.20 26.13 39.05 51.97 64.89
15 years 14.358% 13.37 19.40 31.47 43.54 55.60 67.67
10 years 14.297% 26.28 31.44 41.75 52.06 62.38 72.69
9 years 14.156% 30.37 35.29 45.13 54.97 64.80 74.64
8 years 14.047% 34.94 39.57 48.84 58.10 67.36 76.62
7 years 13.985% 40.00 44.29 52.87 61.45 70.03 78.61
6 years 13.814% 46.01 49.92 57.73 65.55 73.37 81.18
5 years 13.271% 53.63 57.12 64.11 71.10 78.09 85.08
4 years 12.844% 61.67 64.66 70.62 76.59 82.56 88.53
3 years 12.158% 70.88 73.27 78.06 82.85 87.64 92.44
2 years 11.852% 79.93 81.62 85.01 88.40 91.78 95.17
1 year 9.909% 90.98 91.89 93.71 95.53 97.35 99.17
Maturity Date 100.00 100.00 100.00 100.00 100.00 100.00

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