The Pakistan 10Y Government Bond has a 14.599% yield.
Central Bank Rate is 22.00% (last modification in June 2023).
The Pakistan credit rating is CCC+, according to Standard & Poor's agency.
Current 5-Years Credit Default Swap quotation is 505.92 and implied probability of default is 8.43%.
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Pakistan Yield Curve
| Residual Maturity |
Yield | ZC Price | Last Change |
||||||
|---|---|---|---|---|---|---|---|---|---|
| Last | Chg 1M | Chg 6M | Last | Chg 1M | Chg 6M | ||||
| 3 years | 17.215% | -10.0 bp | -218.9 bp | 62.09 | +0.24 % | +5.70 % | 26 Apr | ||
| 5 years | 15.806% | -4.8 bp | -22.9 bp | 48.01 | +0.21 % | +0.99 % | 26 Apr | ||
| 10 years | 14.599% | -5.9 bp | -112.4 bp | 25.60 | +0.51 % | +10.25 % | 26 Apr | ||
| 14 years | 14.503% | -3.9 bp | -107.0 bp | 15.02 | +0.54 % | +13.96 % | 26 Apr | ||
| 20 years | 14.483% | -2.8 bp | -107.6 bp | 6.69 | +0.60 % | +20.54 % | 26 Apr | ||
| Last Update: 27 Apr 2024 2:15 GMT+0 | |||||||||
Pakistan 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).
| Residual Maturity |
Yield | Spread vs Bond | Spread vs Central Bank Rate (22.00%) |
|
|---|---|---|---|---|
| 5 years | ||||
| 10 years | 14.599% | -740.1 bp | ||
| 5 years | 15.806% | -619.4 bp |
Pakistan 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 Pakistan Credit Ratings History
| Rating Agency | Rating | Outlook |
|---|---|---|
| Standard & Poor's | CCC+ | - |
| Moody's Investors Service | Caa3 | - |
| Fitch Ratings | CCC | - |
| DBRS | - | - |
Pakistan 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 | 22.00% |
Pakistan 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.
| Credit Default Swap | CDS Value | Var % 1W | Var % 1M | Var % 1Y | Implied PD(*) | |
|---|---|---|---|---|---|---|
| 5 Years CDS | 505.92 | +4.74 % | +9.47 % | +12.08 % | 8.43 % | |
| (*) Implied probability of default, calculated on the hypothesis of a 40% recovery rate. |
Pakistan 10Y Bond Yield Spread
The Pakistan 10Y Government Bond has a 14.599% yield.
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.
| Pakistan 10Y vs | Current Spread | Chg 1M | Chg 6M | Compare Countries |
|
|---|---|---|---|---|---|
| vs Japan 10Y | 1371.7 bp | -23.0 bp | -113.2 bp | ||
| vs China 10Y | 1239.4 bp | +4.8 bp | -59.4 bp | ||
| vs Germany 10Y | 1202.1 bp | -34.7 bp | -88.8 bp | ||
| vs France 10Y | 1153.0 bp | -33.9 bp | -75.3 bp | ||
| vs Spain 10Y | 1122.8 bp | -29.8 bp | -58.6 bp | ||
| vs Canada 10Y | 1074.8 bp | -44.2 bp | -96.0 bp | ||
| vs Italy 10Y | 1070.9 bp | -33.4 bp | -17.5 bp | ||
| vs United Kingdom 10Y | 1027.1 bp | -45.5 bp | -89.0 bp | ||
| vs Australia 10Y | 1005.9 bp | -60.7 bp | -85.1 bp | ||
| vs United States 10Y | 993.6 bp | -53.4 bp | -94.9 bp | ||
| vs India 10Y | 740.0 bp | -18.6 bp | -97.2 bp | ||
| vs Brazil 10Y | 301.2 bp | -72.4 bp | -122.3 bp | ||
| vs Russia 10Y | 14.9 bp | -74.9 bp | -308.4 bp |
Pakistan Government Bonds Prices
Price Simulation: bonds with a face value of 100, with different coupon rates.
Click on for a forecast of the yield.
| Residual Maturity |
Yield | Bond Price - with different Coupon Rates | Fx | ||||||
|---|---|---|---|---|---|---|---|---|---|
| 0% | 1% | 3% | 5% | 7% | 9% | ||||
| 20 years | 14.483% | 6.69 | 13.13 | 26.02 | 38.90 | 51.79 | 64.67 | ||
| 14 years | 14.503% | 15.02 | 20.88 | 32.60 | 44.31 | 56.03 | 67.75 | ||
| 10 years | 14.599% | 25.60 | 30.69 | 40.89 | 51.08 | 61.27 | 71.47 | ||
| 5 years | 15.806% | 48.01 | 51.30 | 57.88 | 64.46 | 71.04 | 77.61 | ||
| 3 years | 17.215% | 62.09 | 64.30 | 68.70 | 73.10 | 77.51 | 81.91 | ||
| Maturity Date | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | |||
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