COUNTRY •
SOUTH AFRICA
Last Update: 2 Oct 2023 14:15 GMT+0
The South Africa 10Y Government Bond has a 10.890% 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 313.76 and implied probability of default is 5.23%.
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 | 8.100% | -60.0 bp | -15.0 bp | 02 Oct | |||||
| 5 years | 9.475% | +53.5 bp | +104.0 bp | 63.60 | -2.41 % | -4.65 % | 02 Oct | ||
| 10 years | 10.890% | +59.0 bp | +106.0 bp | 35.57 | -5.20 % | -9.17 % | 02 Oct | ||
| 12 years | 11.780% | +69.0 bp | +130.5 bp | 26.28 | -7.17 % | -13.15 % | 02 Oct | ||
| 20 years | 12.985% | +56.0 bp | +144.0 bp | 8.70 | -9.47 % | -22.67 % | 02 Oct | ||
| 25 years | 13.075% | +55.5 bp | +142.0 bp | 4.63 | -11.64 % | -27.09 % | 02 Oct | ||
| 30 years | 12.970% | +54.0 bp | +134.5 bp | 2.58 | -13.42 % | -30.08 % | 02 Oct | ||
Last Update: 2 Oct 2023 14:15 GMT+0
South Africa 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 (8.25%) |
|||
|---|---|---|---|---|---|---|
| 3 months | 5 years | 10 years | ||||
| 30 years | 12.970% | 472.0 bp | ||||
| 10 years | 10.890% | 264.0 bp | ||||
| 5 years | 9.475% | 122.5 bp | ||||
| 3 months | 8.100% | -15.0 bp | ||||
Readings that may interest you
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.
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| Credit Default Swap | CDS Value | Var % 1W | Var % 1M | Var % 1Y | Implied PD(*) | |
|---|---|---|---|---|---|---|
| 5 Years CDS | 313.76 | +2.33 % | +10.04 % | +64.72 % | 5.23 % |
(*) 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 10.890% 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.
If data are not all visible, swipe table left
| South Africa 10Y vs | Current Spread | Chg 1M | Chg 6M | ||
|---|---|---|---|---|---|
| Japan 10Y | 1013.0 bp | +45.1 bp | +62.9 bp | Compare | |
| China 10Y | 818.4 bp | +50.7 bp | +122.8 bp | Compare | |
| Germany 10Y | 800.4 bp | +24.4 bp | +46.0 bp | Compare | |
| France 10Y | 744.8 bp | +22.4 bp | +40.2 bp | Compare | |
| Spain 10Y | 692.7 bp | +19.1 bp | +39.2 bp | Compare | |
| Canada 10Y | 682.1 bp | +11.9 bp | -9.2 bp | Compare | |
| Australia 10Y | 634.6 bp | +8.8 bp | -24.7 bp | Compare | |
| United Kingdom 10Y | 632.2 bp | +42.4 bp | -4.3 bp | Compare | |
| United States 10Y | 622.5 bp | +10.6 bp | -13.2 bp | Compare | |
| Italy 10Y | 610.4 bp | +3.5 bp | +35.1 bp | Compare | |
| India 10Y | 368.0 bp | +55.5 bp | +116.5 bp | Compare | |
| Brazil 10Y | -82.1 bp | +3.1 bp | +224.9 bp | Compare | |
| Russia 10Y | -216.0 bp | -39.0 bp | -169.0 bp | Compare |
South Africa 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% | ||||
| 30 years | 12.970% | 2.58 | 10.09 | 25.11 | 40.13 | 55.16 | 70.18 | ||
| 25 years | 13.075% | 4.63 | 11.93 | 26.51 | 41.10 | 55.69 | 70.28 | ||
| 20 years | 12.985% | 8.70 | 15.73 | 29.79 | 43.86 | 57.92 | 71.98 | ||
| 12 years | 11.780% | 26.28 | 32.54 | 45.05 | 57.57 | 70.09 | 82.60 | ||
| 10 years | 10.890% | 35.57 | 41.49 | 53.32 | 65.15 | 76.98 | 88.82 | ||
| 5 years | 9.475% | 63.60 | 67.44 | 75.12 | 82.81 | 90.49 | 98.17 | ||
| Maturity Date | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | |||