COUNTRY •
SOUTH KOREA
Last Update: 27 Nov 2022 12:15 GMT+0
The South Korea 10Y Government Bond has a 3.623% yield.
10 Years vs 2 Years bond spread is -13.7 bp. Yield Curve is inverted in Long-Term vs Short-Term Maturities.
Central Bank Rate is 3.25% (last modification in November 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 | 3.658% | +5.7 bp | +141.6 bp | 96.47 | -0.05 % | -1.37 % | 27 Nov | ||
| 2 years | 3.760% | -48.2 bp | +106.9 bp | 92.88 | +0.92 % | -2.06 % | 27 Nov | ||
| 3 years | 3.647% | -56.1 bp | +70.1 bp | 89.81 | +1.63 % | -2.02 % | 27 Nov | ||
| 4 years | 3.730% | -69.5 bp | +65.5 bp | 86.37 | +2.70 % | -2.51 % | 27 Nov | ||
| 5 years | 3.673% | -61.8 bp | +53.9 bp | 83.50 | +3.02 % | -2.57 % | 27 Nov | ||
| 10 years | 3.623% | -64.7 bp | +41.2 bp | 70.05 | +6.41 % | -3.91 % | 27 Nov | ||
| 20 years | 3.681% | -50.4 bp | +48.9 bp | 48.53 | +10.20 % | -9.02 % | 27 Nov | ||
| 30 years | 3.660% | -43.1 bp | +57.3 bp | 34.01 | +13.25 % | -15.33 % | 27 Nov | ||
| 50 years | 3.675% | -42.9 bp | +59.9 bp | 16.45 | +22.85 % | -25.16 % | 27 Nov | ||
Last Update: 27 Nov 2022 12:15 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 (3.25%) |
||||
|---|---|---|---|---|---|---|---|
| 1 year | 2 years | 5 years | 10 years | ||||
| 30 years | 3.660% | 41.0 bp | |||||
| 10 years | 3.623% | 37.3 bp | |||||
| 5 years | 3.673% | 42.3 bp | |||||
| 2 years | 3.760% | 51.0 bp | |||||
| 1 year | 3.658% | 40.8 bp | |||||
Focusing on 2 years Government Bond:
If data are not all visible, swipe table left
| 2Y vs 1Y | 10.2 bp | Normal Convexity in Short-Term Maturities | ||
| 5Y vs 2Y | -8.7 bp | Yield Curve is inverted in Mid-Term vs Short-Term Maturities | ||
| 10Y vs 2Y | -13.7 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 | 3.25% |
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 3.623% 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 | 336.8 bp | -65.7 bp | +38.0 bp | Compare | |
| Germany 10Y | 165.3 bp | -65.4 bp | -58.2 bp | Compare | |
| France 10Y | 118.9 bp | -60.9 bp | -52.8 bp | Compare | |
| China 10Y | 78.2 bp | -78.7 bp | +32.1 bp | Compare | |
| Canada 10Y | 68.5 bp | -38.6 bp | +26.4 bp | Compare | |
| Spain 10Y | 66.8 bp | -59.4 bp | -45.5 bp | Compare | |
| United Kingdom 10Y | 51.2 bp | -30.9 bp | -77.5 bp | Compare | |
| Australia 10Y | 3.1 bp | -46.9 bp | +6.9 bp | Compare | |
| United States 10Y | -6.8 bp | -40.9 bp | -53.6 bp | Compare | |
| Italy 10Y | -22.6 bp | -51.8 bp | -54.1 bp | Compare | |
| India 10Y | -367.8 bp | -53.6 bp | +46.1 bp | Compare | |
| Russia 10Y | -644.7 bp | -88.7 bp | -14.8 bp | Compare | |
| Brazil 10Y | -1003.3 bp | -218.0 bp | -81.1 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 | 3.675% | 16.45 | 39.19 | 84.65 | 130.12 | 175.59 | 221.06 | ||
| 30 years | 3.660% | 34.01 | 52.04 | 88.10 | 124.16 | 160.22 | 196.27 | ||
| 20 years | 3.681% | 48.53 | 62.51 | 90.48 | 118.44 | 146.41 | 174.37 | ||
| 10 years | 3.623% | 70.05 | 78.32 | 94.85 | 111.38 | 127.91 | 144.44 | ||
| 5 years | 3.673% | 83.50 | 87.99 | 96.98 | 105.96 | 114.95 | 123.93 | ||
| 4 years | 3.730% | 86.37 | 90.03 | 97.33 | 104.64 | 111.95 | 119.25 | ||
| 3 years | 3.647% | 89.81 | 92.60 | 98.19 | 103.78 | 109.37 | 114.96 | ||
| 2 years | 3.760% | 92.88 | 94.78 | 98.56 | 102.35 | 106.13 | 109.92 | ||
| 1 year | 3.658% | 96.47 | 97.44 | 99.37 | 101.29 | 103.22 | 105.15 | ||
| Maturity Date | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | |||