COUNTRY • PAKISTAN
Last Update: 9 Jun 2023 14:15 GMT+0

The Pakistan 10Y Government Bond has a 15.602% yield.

Central Bank Rate is 21.00% (last modification in April 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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Residual
Maturity
Yield ZC Price Last
Change
Last Chg 1M Chg 6M Last Chg 1M Chg 6M
3 years 20.049% +98.0 bp +435.1 bp 57.80 -2.43 % -10.48 % 09 Jun
5 years 15.519% +2.2 bp +75.5 bp 48.61 -0.10 % -3.23 % 09 Jun
10 years 15.602% -0.2 bp +160.3 bp 23.46 0.00 % -13.05 % 09 Jun
14 years 15.642% -0.2 bp +142.7 bp 13.07 0.00 % -16.00 % 09 Jun
20 years 15.641% +0.2 bp +150.6 bp 5.47 0.00 % -23.07 % 09 Jun
Last Update: 9 Jun 2023 14:15 GMT+0

Pakistan 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 (21.00%)
5 years
10 years 15.602% -539.8 bp
5 years 15.519%
-548.1 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 21.00%

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.
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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 15.602% 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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Pakistan 10Y vs Current Spread Chg 1M Chg 6M
Japan 10Y 1517.8 bp -0.5 bp +143.8 bp Compare
Germany 10Y 1322.8 bp -1.8 bp +116.4 bp Compare
China 10Y 1289.8 bp +6.1 bp +182.4 bp Compare
France 10Y 1268.7 bp +3.0 bp +108.6 bp Compare
Spain 10Y 1225.4 bp +10.5 bp +121.3 bp Compare
Canada 10Y 1220.1 bp -42.9 bp +110.3 bp Compare
United States 10Y 1185.7 bp -21.9 bp +144.6 bp Compare
Australia 10Y 1166.3 bp -46.9 bp +103.0 bp Compare
Italy 10Y 1148.7 bp +15.6 bp +133.4 bp Compare
United Kingdom 10Y 1136.0 bp -38.5 bp +54.6 bp Compare
India 10Y 856.3 bp +0.5 bp +186.3 bp Compare
Russia 10Y 476.2 bp -20.2 bp +86.8 bp Compare
Brazil 10Y 443.5 bp +112.6 bp +342.6 bp Compare

Pakistan 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%
20 years 15.641% 5.47 11.51 23.60 35.69 47.77 59.86
14 years 15.642% 13.07 18.63 29.75 40.86 51.97 63.09
10 years 15.602% 23.46 28.37 38.18 47.99 57.80 67.61
5 years 15.519% 48.61 51.92 58.54 65.17 71.79 78.41
3 years 20.049% 57.80 59.90 64.11 68.32 72.53 76.74
Maturity Date 100.00 100.00 100.00 100.00 100.00 100.00

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