COUNTRY •
SOUTH KOREA
Last Update: 28 Jun 2022 11:15 GMT+0
The South Korea 10Y Government Bond has a 3.664% yield.
10 Years vs 2 Years bond spread is 13.9 bp. Yield Curve is flat in Long-Term vs Short-Term Maturities.
Central Bank Rate is 1.75% (last modification in May 2022).
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 | 2.891% | +64.9 bp | +155.0 bp | 97.19 | -0.63 % | -1.51 % | 28 Jun | ||
| 2 years | 3.525% | +83.4 bp | +184.3 bp | 93.31 | -1.60 % | -3.53 % | 28 Jun | ||
| 3 years | 3.539% | +59.3 bp | +175.3 bp | 90.09 | -1.71 % | -5.00 % | 28 Jun | ||
| 4 years | 3.667% | +59.2 bp | +175.7 bp | 86.58 | -2.27 % | -6.61 % | 28 Jun | ||
| 5 years | 3.673% | +53.9 bp | +168.4 bp | 83.50 | -2.57 % | -7.86 % | 28 Jun | ||
| 10 years | 3.664% | +45.3 bp | +146.8 bp | 69.78 | -4.28 % | -13.30 % | 28 Jun | ||
| 20 years | 3.586% | +39.4 bp | +130.3 bp | 49.43 | -7.33 % | -22.37 % | 28 Jun | ||
| 30 years | 3.493% | +40.6 bp | +123.0 bp | 35.70 | -11.13 % | -30.14 % | 28 Jun | ||
| 50 years | 3.477% | +40.1 bp | +121.3 bp | 18.11 | -17.61 % | -44.53 % | 28 Jun | ||
Last Update: 28 Jun 2022 11:15 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 (1.75%) |
||||
|---|---|---|---|---|---|---|---|
| 1 year | 2 years | 5 years | 10 years | ||||
| 30 years | 3.493% | 174.3 bp | |||||
| 10 years | 3.664% | 191.4 bp | |||||
| 5 years | 3.673% | 192.3 bp | |||||
| 2 years | 3.525% | 177.5 bp | |||||
| 1 year | 2.891% | 114.1 bp | |||||
Focusing on 2 years Government Bond:
If data are not all visible, swipe table left
| 2Y vs 1Y | 63.4 bp | Normal Convexity in Short-Term Maturities | ||
| 5Y vs 2Y | 14.8 bp | Yield Curve is flat in Mid-Term vs Short-Term Maturities | ||
| 10Y vs 2Y | 13.9 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 | 1.75% |
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 3.664% 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 | 343.4 bp | +44.6 bp | +129.7 bp | Compare | |
| Germany 10Y | 200.9 bp | -22.6 bp | -42.3 bp | Compare | |
| France 10Y | 147.3 bp | -24.4 bp | -59.2 bp | Compare | |
| United Kingdom 10Y | 117.7 bp | -11.0 bp | -9.6 bp | Compare | |
| Spain 10Y | 92.2 bp | -20.1 bp | -76.4 bp | Compare | |
| China 10Y | 80.7 bp | +34.6 bp | +143.1 bp | Compare | |
| United States 10Y | 41.5 bp | -5.3 bp | -29.7 bp | Compare | |
| Canada 10Y | 20.6 bp | -21.5 bp | -51.4 bp | Compare | |
| Italy 10Y | -2.0 bp | -33.5 bp | -112.1 bp | Compare | |
| Australia 10Y | -15.5 bp | -11.7 bp | -76.4 bp | Compare | |
| India 10Y | -379.3 bp | +34.6 bp | +48.9 bp | Compare | |
| Russia 10Y | -495.6 bp | +134.3 bp | +126.3 bp | Compare | |
| Brazil 10Y | -911.8 bp | +10.4 bp | -60.7 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 | 3.477% | 18.11 | 41.66 | 88.77 | 135.87 | 182.98 | 230.08 | ||
| 30 years | 3.493% | 35.70 | 54.11 | 90.92 | 127.74 | 164.56 | 201.37 | ||
| 20 years | 3.586% | 49.43 | 63.53 | 91.74 | 119.94 | 148.15 | 176.35 | ||
| 10 years | 3.664% | 69.78 | 78.03 | 94.52 | 111.02 | 127.52 | 144.01 | ||
| 5 years | 3.673% | 83.50 | 87.99 | 96.98 | 105.96 | 114.95 | 123.93 | ||
| 4 years | 3.667% | 86.58 | 90.24 | 97.56 | 104.88 | 112.19 | 119.51 | ||
| 3 years | 3.539% | 90.09 | 92.89 | 98.49 | 104.09 | 109.69 | 115.29 | ||
| 2 years | 3.525% | 93.31 | 95.20 | 99.00 | 102.80 | 106.60 | 110.40 | ||
| 1 year | 2.891% | 97.19 | 98.16 | 100.11 | 102.05 | 103.99 | 105.94 | ||
| Maturity Date | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | |||