The South Africa 10Y Government Bond has a 11.058% yield.
Central Bank Rate is 8.25% (last modification in May 2023).
The South Africa credit rating is BB-, according to Standard & Poor's agency.
Current 5-Years Credit Default Swap quotation is 258.51 and implied probability of default is 4.31%.
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South Africa Yield Curve
| Residual Maturity |
Yield | ZC Price | Last Change |
||||||
|---|---|---|---|---|---|---|---|---|---|
| Last | Chg 1M | Chg 6M | Last | Chg 1M | Chg 6M | ||||
| 3 months | 8.300% | -20.0 bp | -40.0 bp | 19 Apr | |||||
| 5 years | 9.621% | +24.0 bp | +12.1 bp | 63.17 | -1.10 % | -0.55 % | 19 Apr | ||
| 10 years | 11.058% | +32.0 bp | +18.3 bp | 35.03 | -2.86 % | -1.66 % | 19 Apr | ||
| 12 years | 12.000% | +38.6 bp | +20.0 bp | 25.67 | -4.04 % | -2.10 % | 19 Apr | ||
| 20 years | 13.380% | +20.7 bp | +39.2 bp | 8.11 | -3.68 % | -6.78 % | 19 Apr | ||
| 25 years | 13.455% | +16.5 bp | +39.5 bp | 4.26 | -3.62 % | -8.39 % | 19 Apr | ||
| 30 years | 13.368% | +16.7 bp | +40.3 bp | 2.32 | -4.13 % | -10.08 % | 19 Apr | ||
| Last Update: 19 Apr 2024 14:15 GMT+0 | |||||||||
South Africa 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 (8.25%) |
|||
|---|---|---|---|---|---|---|
| 3 months | 5 years | 10 years | ||||
| 30 years | 13.368% | 511.8 bp | ||||
| 10 years | 11.058% | 280.8 bp | ||||
| 5 years | 9.621% | 137.1 bp | ||||
| 3 months | 8.300% | 5.0 bp | ||||
South Africa 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 South Africa Credit Ratings History
| Rating Agency | Rating | Outlook |
|---|---|---|
| Standard & Poor's | BB- | - |
| Moody's Investors Service | Ba2 | - |
| Fitch Ratings | BB- | - |
| DBRS | - | - |
South Africa 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 | 8.25% |
South Africa 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 | 258.51 | +6.99 % | +16.09 % | -6.78 % | 4.31 % | |
| (*) Implied probability of default, calculated on the hypothesis of a 40% recovery rate. |
South Africa 10Y Bond Yield Spread
The South Africa 10Y Government Bond has a 11.058% 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.
| South Africa 10Y vs | Current Spread | Chg 1M | Chg 6M | Compare Countries |
|
|---|---|---|---|---|---|
| vs Japan 10Y | 1021.5 bp | +20.2 bp | +18.4 bp | ||
| vs China 10Y | 879.2 bp | +34.7 bp | +67.0 bp | ||
| vs Germany 10Y | 853.8 bp | +24.9 bp | +59.8 bp | ||
| vs France 10Y | 803.1 bp | +18.6 bp | +71.1 bp | ||
| vs Spain 10Y | 773.4 bp | +23.9 bp | +91.1 bp | ||
| vs Canada 10Y | 727.6 bp | +9.1 bp | +63.4 bp | ||
| vs Italy 10Y | 715.1 bp | +11.7 bp | +126.1 bp | ||
| vs United Kingdom 10Y | 672.8 bp | +4.4 bp | +58.7 bp | ||
| vs Australia 10Y | 671.1 bp | +6.8 bp | +63.0 bp | ||
| vs United States 10Y | 643.1 bp | -1.4 bp | +54.7 bp | ||
| vs India 10Y | 383.3 bp | +19.0 bp | +32.7 bp | ||
| vs Brazil 10Y | -45.0 bp | -25.3 bp | +47.5 bp | ||
| vs Russia 10Y | -297.2 bp | +9.0 bp | -148.7 bp |
South Africa 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% | ||||
| 30 years | 13.368% | 2.32 | 9.63 | 24.24 | 38.85 | 53.47 | 68.08 | ||
| 25 years | 13.455% | 4.26 | 11.38 | 25.61 | 39.84 | 54.07 | 68.30 | ||
| 20 years | 13.380% | 8.11 | 14.98 | 28.72 | 42.45 | 56.19 | 69.92 | ||
| 12 years | 12.000% | 25.67 | 31.86 | 44.25 | 56.64 | 69.03 | 81.42 | ||
| 10 years | 11.058% | 35.03 | 40.91 | 52.66 | 64.41 | 76.16 | 87.91 | ||
| 5 years | 9.621% | 63.17 | 67.00 | 74.66 | 82.31 | 89.97 | 97.62 | ||
| Maturity Date | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | |||
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