COUNTRY •
SOUTH AFRICA
Last Update: 28 Mar 2023 2:15 GMT+0
The South Africa 10Y Government Bond has a 9.925% yield.
Central Bank Rate is 7.25% (last modification in January 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 | 8.050% | +5.0 bp | +125.0 bp | 27 Mar | |||||
| 5 years | 8.335% | -23.5 bp | -108.0 bp | 67.01 | +1.09 % | +5.08 % | 27 Mar | ||
| 10 years | 9.925% | -18.5 bp | -88.5 bp | 38.82 | +1.70 % | +8.34 % | 27 Mar | ||
| 12 years | 10.605% | -9.0 bp | -68.5 bp | 29.83 | +0.98 % | +7.69 % | 27 Mar | ||
| 20 years | 11.735% | +21.5 bp | -10.0 bp | 10.87 | -3.81 % | +1.78 % | 27 Mar | ||
| 25 years | 11.845% | +27.0 bp | +2.0 bp | 6.09 | -5.87 % | -0.49 % | 27 Mar | ||
| 30 years | 11.730% | +27.5 bp | -2.0 bp | 3.59 | -6.99 % | +0.56 % | 27 Mar | ||
Last Update: 28 Mar 2023 2:15 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 (7.25%) |
|||
|---|---|---|---|---|---|---|
| 3 months | 5 years | 10 years | ||||
| 30 years | 11.730% | 448.0 bp | ||||
| 10 years | 9.925% | 267.5 bp | ||||
| 5 years | 8.335% | 108.5 bp | ||||
| 3 months | 8.050% | 80.0 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 | 7.25% |
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 9.925% 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 | 959.6 bp | -1.7 bp | -96.6 bp | Compare | |
| Germany 10Y | 769.9 bp | +22.4 bp | -99.2 bp | Compare | |
| France 10Y | 715.6 bp | +14.3 bp | -92.7 bp | Compare | |
| China 10Y | 705.0 bp | -13.2 bp | -101.4 bp | Compare | |
| Canada 10Y | 701.4 bp | +27.2 bp | -70.9 bp | Compare | |
| Australia 10Y | 664.2 bp | +41.5 bp | -23.1 bp | Compare | |
| Spain 10Y | 661.7 bp | +16.2 bp | -86.7 bp | Compare | |
| United Kingdom 10Y | 654.2 bp | +30.2 bp | -25.8 bp | Compare | |
| United States 10Y | 641.6 bp | +23.6 bp | -66.1 bp | Compare | |
| Italy 10Y | 584.4 bp | +18.3 bp | -38.1 bp | Compare | |
| India 10Y | 261.3 bp | -4.0 bp | -86.4 bp | Compare | |
| Russia 10Y | -36.5 bp | +50.5 bp | -130.5 bp | Compare | |
| Brazil 10Y | -294.1 bp | +21.0 bp | -167.7 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 | 11.730% | 3.59 | 11.81 | 28.25 | 44.68 | 61.12 | 77.56 | ||
| 25 years | 11.845% | 6.09 | 14.02 | 29.87 | 45.73 | 61.59 | 77.44 | ||
| 20 years | 11.735% | 10.87 | 18.46 | 33.66 | 48.85 | 64.04 | 79.23 | ||
| 12 years | 10.605% | 29.83 | 36.45 | 49.68 | 62.92 | 76.15 | 89.38 | ||
| 10 years | 9.925% | 38.82 | 44.98 | 57.31 | 69.64 | 81.97 | 94.30 | ||
| 5 years | 8.335% | 67.01 | 70.97 | 78.89 | 86.80 | 94.72 | 102.63 | ||
| Maturity Date | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | |||