COUNTRY •
SOUTH KOREA
Last Update: 2 Oct 2023 14:15 GMT+0
The South Korea 10Y Government Bond has a 4.012% yield.
10 Years vs 2 Years bond spread is 15.3 bp. Yield Curve is flat 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 | 3.740% | +24.7 bp | +48.5 bp | 96.39 | -0.24 % | -0.47 % | 02 Oct | ||
| 2 years | 3.859% | +15.1 bp | +52.1 bp | 92.71 | -0.29 % | -0.99 % | 02 Oct | ||
| 3 years | 3.875% | +18.8 bp | +58.5 bp | 89.22 | -0.55 % | -1.69 % | 02 Oct | ||
| 4 years | 3.926% | +19.6 bp | +60.1 bp | 85.72 | -0.75 % | -2.30 % | 02 Oct | ||
| 5 years | 3.925% | +21.0 bp | +63.0 bp | 82.49 | -1.01 % | -3.00 % | 02 Oct | ||
| 10 years | 4.012% | +23.2 bp | +65.2 bp | 67.48 | -2.20 % | -6.10 % | 02 Oct | ||
| 20 years | 3.931% | +21.1 bp | +53.6 bp | 46.25 | -3.99 % | -9.83 % | 02 Oct | ||
| 30 years | 3.882% | +19.6 bp | +50.8 bp | 31.90 | -5.51 % | -13.67 % | 02 Oct | ||
| 50 years | 3.857% | +20.6 bp | +50.3 bp | 15.07 | -9.49 % | -21.55 % | 02 Oct | ||
Last Update: 2 Oct 2023 14:15 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 | 3.882% | 38.2 bp | |||||
| 10 years | 4.012% | 51.2 bp | |||||
| 5 years | 3.925% | 42.5 bp | |||||
| 2 years | 3.859% | 35.9 bp | |||||
| 1 year | 3.740% | 24.0 bp | |||||
Focusing on 2 years Government Bond:
If data are not all visible, swipe table left
| 2Y vs 1Y | 11.9 bp | Normal Convexity in Short-Term Maturities | ||
| 5Y vs 2Y | 6.6 bp | Yield Curve is flat in Mid-Term vs Short-Term Maturities | ||
| 10Y vs 2Y | 15.3 bp | Yield Curve is flat 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.
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| 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 4.012% 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 | 325.2 bp | +9.3 bp | +22.1 bp | Compare | |
| China 10Y | 130.6 bp | +14.9 bp | +82.0 bp | Compare | |
| Germany 10Y | 112.6 bp | -11.4 bp | +5.2 bp | Compare | |
| France 10Y | 57.0 bp | -13.4 bp | -0.6 bp | Compare | |
| Spain 10Y | 4.9 bp | -16.7 bp | -1.6 bp | Compare | |
| Canada 10Y | -5.7 bp | -23.9 bp | -50.0 bp | Compare | |
| Australia 10Y | -53.2 bp | -27.0 bp | -65.5 bp | Compare | |
| United Kingdom 10Y | -55.6 bp | +6.6 bp | -45.1 bp | Compare | |
| United States 10Y | -65.3 bp | -25.2 bp | -54.0 bp | Compare | |
| Italy 10Y | -77.4 bp | -32.3 bp | -5.7 bp | Compare | |
| India 10Y | -319.8 bp | +19.7 bp | +75.7 bp | Compare | |
| Brazil 10Y | -769.9 bp | -32.7 bp | +184.1 bp | Compare | |
| Russia 10Y | -903.8 bp | -74.8 bp | -209.8 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 | 3.857% | 15.07 | 37.09 | 81.13 | 125.17 | 169.21 | 213.24 | ||
| 30 years | 3.882% | 31.90 | 49.44 | 84.53 | 119.61 | 154.70 | 189.78 | ||
| 20 years | 3.931% | 46.25 | 59.92 | 87.27 | 114.62 | 141.96 | 169.31 | ||
| 10 years | 4.012% | 67.48 | 75.58 | 91.80 | 108.01 | 124.22 | 140.43 | ||
| 5 years | 3.925% | 82.49 | 86.95 | 95.87 | 104.80 | 113.72 | 122.64 | ||
| 4 years | 3.926% | 85.72 | 89.36 | 96.63 | 103.91 | 111.18 | 118.45 | ||
| 3 years | 3.875% | 89.22 | 92.00 | 97.57 | 103.13 | 108.69 | 114.26 | ||
| 2 years | 3.859% | 92.71 | 94.60 | 98.38 | 102.16 | 105.94 | 109.72 | ||
| 1 year | 3.740% | 96.39 | 97.36 | 99.29 | 101.21 | 103.14 | 105.07 | ||
| Maturity Date | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | |||