Uganda Government Bonds - Yields Curve

COUNTRY • SUMMARY
UGANDA
Last Update: 18 Apr 2024 2:15 GMT+0

The Uganda 10Y Government Bond has a 16.837% yield.

10 Years vs 2 Years bond spread is 273.3 bp.
Normal Convexity in Long-Term vs Short-Term Maturities.

Central Bank Rate is 10.25% (last modification in April 2024).

The Uganda credit rating is B-, according to Standard & Poor's agency.

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Uganda Yield Curve

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 9.335% 0.0 bp +124.1 bp 18 Apr
6 months 12.408% +0.6 bp +0.3 bp 18 Apr
1 year 13.052% +0.6 bp +3.8 bp 88.45 -0.01 % -0.03 % 18 Apr
2 years 14.104% +33.9 bp +409.4 bp 76.81 -0.58 % -7.04 % 18 Apr
3 years 15.391% +180.8 bp +164.1 bp 65.09 -4.62 % -4.19 % 18 Apr
5 years 15.711% +43.0 bp +91.4 bp 48.21 -1.83 % -3.89 % 18 Apr
10 years 16.837% +30.9 bp +95.6 bp 21.10 -2.59 % -7.86 % 18 Apr
15 years 16.748% -21.6 bp +64.4 bp 9.80 +2.83 % -7.98 % 28 Mar
Last Update: 18 Apr 2024 2:15 GMT+0

Uganda Yield 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).

If data are not all visible, swipe table left
Residual
Maturity
Yield Spread vs Bond Spread vs
Central Bank
Rate (10.25%)
3 months 1 year 2 years 5 years
10 years 16.837% 658.7 bp
5 years 15.711%
546.1 bp
2 years 14.104%
385.4 bp
1 year 13.052%
280.2 bp
3 months 9.335%
-91.5 bp

Focusing on 2 years Government Bond:

If data are not all visible, swipe table left
2Y vs 1Y 105.2 bp Normal Convexity in Short-Term Maturities
5Y vs 2Y 160.7 bp Normal Convexity in Mid-Term vs Short-Term Maturities
10Y vs 2Y 273.3 bp Normal Convexity in Long-Term vs Short-Term Maturities

Uganda 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 Uganda Credit Ratings History

Rating Agency Rating Outlook
Standard & Poor's B- -
Moody's Investors Service B2 negative
Fitch Ratings B+ -
DBRS - -

Uganda 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 10.25%

Uganda 10Y Bond Yield Spread

The Uganda 10Y Government Bond has a 16.837% yield.

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
Uganda 10Y vs Current Spread Chg 1M Chg 6M Compare
Countries
vs Japan 10Y 1597.6 bp +20.1 bp +90.2 bp
vs China 10Y 1456.7 bp +33.9 bp +142.1 bp
vs Germany 10Y 1440.3 bp +32.7 bp +143.5 bp
vs France 10Y 1389.4 bp +25.3 bp +156.1 bp
vs Spain 10Y 1357.6 bp +28.7 bp +174.3 bp
vs Canada 10Y 1310.4 bp +20.2 bp +136.9 bp
vs Italy 10Y 1301.4 bp +17.2 bp +215.2 bp
vs United Kingdom 10Y 1257.5 bp +13.9 bp +140.3 bp
vs Australia 10Y 1250.6 bp +13.0 bp +137.0 bp
vs United States 10Y 1227.0 bp +7.0 bp +131.7 bp
vs India 10Y 967.0 bp +22.9 bp +114.2 bp
vs Brazil 10Y 517.5 bp -52.5 bp +100.0 bp
vs Russia 10Y 258.7 bp -18.1 bp -95.4 bp

Uganda 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%
10 years 16.837% 21.10 25.78 35.15 44.53 53.90 63.27
5 years 15.711% 48.21 51.51 58.10 64.69 71.28 77.88
3 years 15.391% 65.09 67.35 71.89 76.43 80.97 85.50
2 years 14.104% 76.81 78.45 81.74 85.03 88.32 91.61
1 year 13.052% 88.45 89.34 91.11 92.88 94.65 96.42
Maturity Date 100.00 100.00 100.00 100.00 100.00 100.00

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