COUNTRY •
PAKISTAN
Last Update: 5 Feb 2023 0:15 GMT+0
The Pakistan 10Y Government Bond has a 15.051% yield.
Central Bank Rate is 17.00% (last modification in January 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%.
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 years | 17.545% | +57.7 bp | +346.2 bp | 61.57 | -1.47 % | -8.58 % | 03 Feb | ||
| 5 years | 15.962% | +26.9 bp | +243.2 bp | 47.69 | -1.16 % | -10.05 % | 03 Feb | ||
| 10 years | 15.051% | +64.5 bp | +187.0 bp | 24.61 | -5.46 % | -15.11 % | 03 Feb | ||
| 14 years | 14.790% | +36.1 bp | +113.2 bp | 14.50 | -4.29 % | -12.97 % | 03 Feb | ||
| 20 years | 14.804% | +41.0 bp | +123.6 bp | 6.32 | -6.92 % | -19.49 % | 03 Feb | ||
Last Update: 5 Feb 2023 0:15 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 (17.00%) |
|
|---|---|---|---|---|
| 5 years | ||||
| 10 years | 15.051% | -194.9 bp | ||
| 5 years | 15.962% | -103.8 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 |
CCC+
|
- |
| Moody's Investors Service |
Caa1
|
negative |
| 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 | 17.00% |
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 15.051% 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 | 1456.9 bp | +58.4 bp | +154.7 bp | Compare | |
| Germany 10Y | 1283.7 bp | +72.2 bp | +60.0 bp | Compare | |
| France 10Y | 1240.7 bp | +80.8 bp | +71.3 bp | Compare | |
| China 10Y | 1211.7 bp | +58.9 bp | +167.4 bp | Compare | |
| Canada 10Y | 1210.4 bp | +89.9 bp | +166.9 bp | Compare | |
| United Kingdom 10Y | 1200.5 bp | +114.8 bp | +85.9 bp | Compare | |
| Spain 10Y | 1189.9 bp | +87.4 bp | +77.1 bp | Compare | |
| Australia 10Y | 1154.7 bp | +98.8 bp | +162.7 bp | Compare | |
| United States 10Y | 1153.2 bp | +83.7 bp | +117.4 bp | Compare | |
| Italy 10Y | 1102.6 bp | +94.8 bp | +89.0 bp | Compare | |
| India 10Y | 777.3 bp | +69.4 bp | +189.2 bp | Compare | |
| Russia 10Y | 445.1 bp | +31.5 bp | +32.0 bp | Compare | |
| Brazil 10Y | 173.0 bp | +41.4 bp | +108.0 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 | 14.804% | 6.32 | 12.65 | 25.31 | 37.96 | 50.62 | 63.27 | ||
| 14 years | 14.790% | 14.50 | 20.28 | 31.84 | 43.40 | 54.97 | 66.53 | ||
| 10 years | 15.051% | 24.61 | 29.62 | 39.64 | 49.65 | 59.67 | 69.69 | ||
| 5 years | 15.962% | 47.69 | 50.97 | 57.52 | 64.08 | 70.63 | 77.18 | ||
| 3 years | 17.545% | 61.57 | 63.76 | 68.14 | 72.52 | 76.90 | 81.28 | ||
| Maturity Date | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | |||