COUNTRY •
PAKISTAN
Last Update: 26 Jun 2022 2:15 GMT+0
The Pakistan 10Y Government Bond has a 13.091% yield.
Central Bank Rate is 13.75% (last modification in May 2022).
The Pakistan credit rating is B-, according to Standard & Poor's agency.
Current 5-Years Credit Default Swap quotation is 505.92 and implied probability of default is 8.43%.
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 | 14.650% | +5.0 bp | +735.0 bp | 24 Jun | |||||
6 months | 15.150% | +50.0 bp | +758.0 bp | 24 Jun | |||||
1 year | 15.300% | +55.0 bp | +740.0 bp | 86.73 | -0.48 % | -6.42 % | 24 Jun | ||
3 years | 13.726% | -23.6 bp | +245.9 bp | 67.99 | +0.64 % | -6.34 % | 24 Jun | ||
5 years | 13.159% | -17.4 bp | +149.8 bp | 53.90 | +0.79 % | -6.44 % | 24 Jun | ||
10 years | 13.091% | -23.7 bp | +117.6 bp | 29.22 | +2.10 % | -9.93 % | 24 Jun | ||
14 years | 13.667% | -15.4 bp | +166.0 bp | 16.64 | +1.90 % | -18.59 % | 24 Jun | ||
20 years | 13.562% | -17.9 bp | +103.6 bp | 7.86 | +3.29 % | -16.74 % | 24 Jun |
Last Update: 26 Jun 2022 2:15 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).
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 (13.75%) |
|||
---|---|---|---|---|---|---|
3 months | 1 year | 5 years | ||||
10 years | 13.091% | -65.9 bp | ||||
5 years | 13.159% | -59.1 bp | ||||
1 year | 15.300% | 155.0 bp | ||||
3 months | 14.650% | 90.0 bp |
Readings that may interest you
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 |
B-
|
- |
Moody's Investors Service |
B3
|
negative |
Fitch Ratings |
B-
|
- |
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 | 13.75% |
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 13.091% 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 | 1286.8 bp | -22.0 bp | +101.2 bp | Compare | |
Germany 10Y | 1165.0 bp | -69.2 bp | -51.9 bp | Compare | |
France 10Y | 1112.7 bp | -69.9 bp | -67.0 bp | Compare | |
United Kingdom 10Y | 1078.8 bp | -55.5 bp | -20.5 bp | Compare | |
Spain 10Y | 1053.5 bp | -75.0 bp | -86.3 bp | Compare | |
China 10Y | 1029.0 bp | -27.8 bp | +121.9 bp | Compare | |
United States 10Y | 995.7 bp | -62.9 bp | -46.5 bp | Compare | |
Canada 10Y | 975.8 bp | -75.9 bp | -68.1 bp | Compare | |
Italy 10Y | 952.2 bp | -91.2 bp | -127.2 bp | Compare | |
Australia 10Y | 938.3 bp | -70.1 bp | -93.8 bp | Compare | |
India 10Y | 564.7 bp | -38.7 bp | +19.4 bp | Compare | |
Russia 10Y | 438.1 bp | +57.3 bp | +88.6 bp | Compare | |
Brazil 10Y | 42.3 bp | -51.0 bp | -125.1 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.
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Residual Maturity |
Yield | Bond Price - with different Coupon Rates | Fx | ||||||
---|---|---|---|---|---|---|---|---|---|
0% | 1% | 3% | 5% | 7% | 9% | ||||
20 years | 13.562% | 7.86 | 14.65 | 28.24 | 41.83 | 55.42 | 69.01 | ||
14 years | 13.667% | 16.64 | 22.74 | 34.94 | 47.14 | 59.33 | 71.53 | ||
10 years | 13.091% | 29.22 | 34.63 | 45.44 | 56.26 | 67.07 | 77.88 | ||
5 years | 13.159% | 53.90 | 57.40 | 64.41 | 71.41 | 78.42 | 85.43 | ||
3 years | 13.726% | 67.99 | 70.32 | 74.98 | 79.65 | 84.31 | 88.98 | ||
1 year | 15.300% | 86.73 | 87.60 | 89.33 | 91.07 | 92.80 | 94.54 | ||
Maturity Date | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 |