Malaysia Government Bonds - Yields Curve

COUNTRY • SUMMARY
MALAYSIA
Last Update: 26 Jul 2024 11:15 GMT+0

The Malaysia 10-Year Government Bond currently offers a yield of 3.811%. This yield reflects the return investors can expect if they hold the bond until maturity. Government bond yields are critical indicators of economic confidence and investor sentiment.

Malaysia Central Bank Rate stands at 3.00%, following the most recent adjustment in May 2023.

According to Standard & Poor's agency, the Malaysia credit rating is A-.

The current quotation for Malaysia 5-Years Credit Default Swap is 57.19 basis points. Correspondingly, the implied probability of default is 0.95%.

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Malaysia Yield Curve

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Residual
Maturity
Yield ZC Price Last
Change
Last Chg 1M Chg 6M Last Chg 1M Chg 6M
3 months 3.240% 0.0 bp +7.0 bp 26 Jul
7 months 3.260% 0.0 bp +4.0 bp 26 Jul
1 year 3.300% 0.0 bp +3.0 bp 96.81 0.00 % -0.02 % 26 Jul
3 years 3.447% -11.9 bp +1.9 bp 90.33 +0.34 % -0.06 % 26 Jul
5 years 3.572% -10.8 bp -0.4 bp 83.91 +0.53 % +0.02 % 26 Jul
7 years 3.767% -5.8 bp -1.3 bp 77.19 +0.39 % +0.08 % 26 Jul
10 years 3.811% -8.5 bp -2.7 bp 68.80 +0.82 % +0.26 % 26 Jul
15 years 3.934% -9.0 bp -8.2 bp 56.06 +1.32 % +1.19 % 26 Jul
20 years 4.062% -10.4 bp -6.3 bp 45.10 +2.01 % +1.21 % 25 Jul
30 years 4.218% -4.2 bp -4.7 bp 28.95 +1.19 % +1.33 % 26 Jul
Last Update: 26 Jul 2024 11:15 GMT+0

Malaysia 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).

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Residual
Maturity
Yield Spread vs Bond Spread vs
Central Bank
Rate (3.00%)
3 months 1 year 5 years 10 years
30 years 4.218% 121.8 bp
10 years 3.811%
81.1 bp
5 years 3.572%
57.2 bp
1 year 3.300%
30.0 bp
3 months 3.240%
24.0 bp

Malaysia 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 Malaysia Credit Ratings History

Rating Agency Rating Outlook
Standard & Poor's A- -
Moody's Investors Service A3 -
Fitch Ratings BBB+ -
DBRS - -

Malaysia 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 3.00%

Malaysia Credit Default Swaps

The term credit default swap (CDS) refers to a financial derivative that allows an investor to swap or offset their credit risk with that of another investor. To swap the risk of default, the lender buys a CDS from another investor who agrees to reimburse the lender in the case the borrower defaults.

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Credit Default Swap CDS Value Var % 1W Var % 1M Var % 1Y Implied PD(*)
5 Years CDS 57.19 +9.37 % +19.95 % +8.60 % 0.95 %
(*) Implied probability of default, calculated on the hypothesis of a 40% recovery rate.
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Malaysia 10Y Bond Yield Spread

The Malaysia 10Y Government Bond has a 3.811% 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
Malaysia 10Y vs Current Spread Chg 1M Chg 6M Compare
Countries
vs Japan 10Y 275.2 bp -12.5 bp -38.1 bp
vs China 10Y 161.4 bp -4.7 bp +29.0 bp
vs Germany 10Y 140.3 bp -3.6 bp -13.4 bp
vs France 10Y 69.7 bp -0.8 bp -35.0 bp
vs Spain 10Y 57.6 bp +7.9 bp -6.0 bp
vs Canada 10Y 46.6 bp +8.0 bp +18.1 bp
vs Italy 10Y 4.5 bp +14.3 bp +2.5 bp
vs United Kingdom 10Y -29.2 bp -4.6 bp -12.9 bp
vs United States 10Y -38.6 bp +4.6 bp -8.0 bp
vs Australia 10Y -50.0 bp +2.8 bp -10.3 bp
vs India 10Y -324.4 bp -14.3 bp +8.9 bp
vs Brazil 10Y -827.6 bp -11.7 bp -155.0 bp
vs Russia 10Y -1162.7 bp -39.3 bp -328.0 bp

Malaysia 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%
30 years 4.218% 28.95 45.80 79.48 113.17 146.86 180.55
20 years 4.062% 45.10 58.61 85.65 112.68 139.71 166.74
15 years 3.934% 56.06 67.23 89.57 111.91 134.25 156.59
10 years 3.811% 68.80 76.98 93.36 109.74 126.11 142.49
7 years 3.767% 77.19 83.25 95.36 107.46 119.57 131.68
5 years 3.572% 83.91 88.41 97.42 106.43 115.45 124.46
3 years 3.447% 90.33 93.14 98.75 104.36 109.96 115.57
1 year 3.300% 96.81 97.77 99.71 101.65 103.58 105.52
Maturity Date 100.00 100.00 100.00 100.00 100.00 100.00

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