COUNTRY •
SOUTH KOREA
Last Update: 30 Mar 2023 5:15 GMT+0
The South Korea 10Y Government Bond has a 3.330% yield.
10 Years vs 2 Years bond spread is -1.8 bp. Yield Curve is inverted in Long-Term vs Short-Term Maturities.
Central Bank Rate is 3.50% (last modification in January 2023).
The South Korea credit rating is AA, according to Standard & Poor's agency.
Current 5-Years Credit Default Swap quotation is 18.34 and implied probability of default is 0.31%.
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 | ||||
| 1 year | 3.256% | -46.4 bp | -10.0 bp | 96.85 | +0.46 % | +0.10 % | 29 Mar | ||
| 2 years | 3.348% | -63.0 bp | -86.2 bp | 93.63 | +1.23 % | +1.68 % | 30 Mar | ||
| 3 years | 3.284% | -58.5 bp | -93.0 bp | 90.76 | +1.70 % | +2.73 % | 30 Mar | ||
| 4 years | 3.265% | -65.0 bp | -93.7 bp | 87.94 | +2.54 % | +3.68 % | 29 Mar | ||
| 5 years | 3.297% | -60.4 bp | -89.1 bp | 85.03 | +2.95 % | +4.40 % | 30 Mar | ||
| 10 years | 3.330% | -49.2 bp | -77.9 bp | 72.07 | +4.87 % | +7.81 % | 30 Mar | ||
| 20 years | 3.326% | -39.0 bp | -63.9 bp | 51.98 | +7.84 % | +13.12 % | 30 Mar | ||
| 30 years | 3.300% | -35.9 bp | -52.5 bp | 37.76 | +10.99 % | +16.44 % | 30 Mar | ||
| 50 years | 3.235% | -35.6 bp | -56.5 bp | 20.35 | +18.73 % | +31.38 % | 29 Mar | ||
Last Update: 30 Mar 2023 5:15 GMT+0
South Korea 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).
If data are not all visible, swipe table left
| Residual Maturity |
Yield | Spread vs Bond | Spread vs Central Bank Rate (3.50%) |
||||
|---|---|---|---|---|---|---|---|
| 1 year | 2 years | 5 years | 10 years | ||||
| 30 years | 3.300% | -20.0 bp | |||||
| 10 years | 3.330% | -17.0 bp | |||||
| 5 years | 3.297% | -20.3 bp | |||||
| 2 years | 3.348% | -15.2 bp | |||||
| 1 year | 3.256% | -24.4 bp | |||||
Focusing on 2 years Government Bond:
If data are not all visible, swipe table left
| 2Y vs 1Y | 9.2 bp | Normal Convexity in Short-Term Maturities | ||
| 5Y vs 2Y | -5.1 bp | Yield Curve is inverted in Mid-Term vs Short-Term Maturities | ||
| 10Y vs 2Y | -1.8 bp | Yield Curve is inverted in Long-Term vs Short-Term Maturities |
Readings that may interest you
South Korea 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 Korea Credit Ratings History
| Rating Agency | Rating | Outlook |
|---|---|---|
| Standard & Poor's |
AA
|
- |
| Moody's Investors Service |
Aa2
|
- |
| Fitch Ratings |
AA-
|
- |
| DBRS |
-
|
- |
South Korea 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 | 3.50% |
South Korea 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.
If data are not all visible, swipe table left
| Credit Default Swap | CDS Value | Var % 1W | Var % 1M | Var % 1Y | Implied PD(*) | |
|---|---|---|---|---|---|---|
| 5 Years CDS | 18.34 | -4.07 % | -4.07 % | -26.32 % | 0.31 % |
(*) Implied probability of default, calculated on the hypothesis of a 40% recovery rate.
South Korea 10Y Bond Yield Spread
The South Korea 10Y Government Bond has a 3.330% 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 Korea 10Y vs | Current Spread | Chg 1M | Chg 6M | ||
|---|---|---|---|---|---|
| Japan 10Y | 301.1 bp | -31.0 bp | -85.5 bp | Compare | |
| Germany 10Y | 101.5 bp | -5.8 bp | -97.6 bp | Compare | |
| France 10Y | 50.0 bp | -9.5 bp | -87.6 bp | Compare | |
| China 10Y | 46.0 bp | -41.8 bp | -86.7 bp | Compare | |
| Canada 10Y | 36.9 bp | +5.0 bp | -57.0 bp | Compare | |
| Spain 10Y | -2.3 bp | -5.7 bp | -82.5 bp | Compare | |
| Australia 10Y | -2.8 bp | +8.4 bp | -22.8 bp | Compare | |
| United Kingdom 10Y | -13.3 bp | -1.1 bp | -15.9 bp | Compare | |
| United States 10Y | -25.7 bp | -1.6 bp | -52.9 bp | Compare | |
| Italy 10Y | -82.5 bp | -2.8 bp | -42.7 bp | Compare | |
| India 10Y | -396.6 bp | -35.8 bp | -67.7 bp | Compare | |
| Russia 10Y | -699.0 bp | +18.8 bp | -85.9 bp | Compare | |
| Brazil 10Y | -962.8 bp | +8.5 bp | -177.4 bp | Compare |
South Korea 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% | ||||
| 50 years | 3.235% | 20.35 | 44.97 | 94.21 | 143.45 | 192.69 | 241.93 | ||
| 30 years | 3.300% | 37.76 | 56.62 | 94.34 | 132.06 | 169.79 | 207.51 | ||
| 20 years | 3.326% | 51.98 | 66.42 | 95.29 | 124.17 | 153.05 | 181.93 | ||
| 10 years | 3.330% | 72.07 | 80.46 | 97.23 | 114.01 | 130.79 | 147.56 | ||
| 5 years | 3.297% | 85.03 | 89.57 | 98.65 | 107.73 | 116.82 | 125.90 | ||
| 4 years | 3.265% | 87.94 | 91.63 | 99.02 | 106.41 | 113.80 | 121.18 | ||
| 3 years | 3.284% | 90.76 | 93.57 | 99.20 | 104.83 | 110.45 | 116.08 | ||
| 2 years | 3.348% | 93.63 | 95.53 | 99.34 | 103.15 | 106.95 | 110.76 | ||
| 1 year | 3.256% | 96.85 | 97.82 | 99.75 | 101.69 | 103.63 | 105.56 | ||
| Maturity Date | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | |||