COUNTRY •
PAKISTAN
Last Update: 2 Oct 2023 5:15 GMT+0
The Pakistan 10Y Government Bond has a 16.903% 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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Residual Maturity |
Yield | ZC Price | Last Change |
||||||
---|---|---|---|---|---|---|---|---|---|
Last | Chg 1M | Chg 6M | Last | Chg 1M | Chg 6M | ||||
3 years | 20.389% | -152.2 bp | +149.0 bp | 57.31 | +3.84 % | -3.66 % | 02 Oct | ||
5 years | 18.191% | +20.9 bp | +244.1 bp | 43.36 | -0.87 % | -9.91 % | 02 Oct | ||
10 years | 16.903% | -18.3 bp | +115.5 bp | 20.98 | +1.60 % | -9.45 % | 02 Oct | ||
14 years | 15.891% | -1.2 bp | +23.5 bp | 12.69 | +0.16 % | -2.76 % | 02 Oct | ||
20 years | 15.859% | -2.3 bp | +21.3 bp | 5.27 | +0.57 % | -3.48 % | 02 Oct |
Last Update: 2 Oct 2023 5:15 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 (22.00%) |
|
---|---|---|---|---|
5 years | ||||
10 years | 16.903% | -509.7 bp | ||
5 years | 18.191% | -380.9 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 |
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.
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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 16.903% 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 | 1614.1 bp | -32.4 bp | +72.2 bp | Compare | |
China 10Y | 1419.7 bp | -26.6 bp | +132.3 bp | Compare | |
Germany 10Y | 1404.1 bp | -50.5 bp | +57.9 bp | Compare | |
France 10Y | 1348.2 bp | -52.8 bp | +51.8 bp | Compare | |
Spain 10Y | 1295.1 bp | -57.1 bp | +49.8 bp | Compare | |
Canada 10Y | 1283.4 bp | -65.4 bp | +0.3 bp | Compare | |
Australia 10Y | 1239.1 bp | -65.3 bp | -12.0 bp | Compare | |
United Kingdom 10Y | 1237.8 bp | -30.6 bp | +9.5 bp | Compare | |
United States 10Y | 1228.3 bp | -62.2 bp | +0.8 bp | Compare | |
Italy 10Y | 1211.1 bp | -74.4 bp | +44.0 bp | Compare | |
India 10Y | 969.3 bp | -21.8 bp | +126.0 bp | Compare | |
Brazil 10Y | 519.2 bp | -74.2 bp | +234.4 bp | Compare | |
Russia 10Y | 389.3 bp | -112.3 bp | -155.5 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 | 15.859% | 5.27 | 11.24 | 23.19 | 35.13 | 47.08 | 59.03 | ||
14 years | 15.891% | 12.69 | 18.18 | 29.17 | 40.16 | 51.15 | 62.14 | ||
10 years | 16.903% | 20.98 | 25.65 | 35.00 | 44.35 | 53.70 | 63.05 | ||
5 years | 18.191% | 43.36 | 46.47 | 52.70 | 58.93 | 65.15 | 71.38 | ||
3 years | 20.389% | 57.31 | 59.40 | 63.59 | 67.78 | 71.97 | 76.15 | ||
Maturity Date | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 |