COUNTRY •
UNITED KINGDOM
Last Update: 6 Oct 2022 8:15 GMT+0
The United Kingdom 10Y Government Bond has a 4.133% yield.
10 Years vs 2 Years bond spread is 6.1 bp. Yield Curve is flat in Long-Term vs Short-Term Maturities.
Central Bank Rate is 2.25% (last modification in September 2022).
The United Kingdom credit rating is AA, according to Standard & Poor's agency.
Current 5-Years Credit Default Swap quotation is 42.75 and implied probability of default is 0.71%.
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 month | 2.076% | +16.7 bp | +162.2 bp | 06 Oct | |||||
| 3 months | 2.870% | +43.8 bp | +222.8 bp | 06 Oct | |||||
| 6 months | 3.848% | +96.6 bp | +306.3 bp | 06 Oct | |||||
| 1 year | 3.592% | +66.5 bp | +217.6 bp | 96.53 | -0.65 % | -2.10 % | 06 Oct | ||
| 2 years | 4.072% | +86.8 bp | +262.2 bp | 92.33 | -1.66 % | -4.97 % | 06 Oct | ||
| 3 years | 4.246% | +125.0 bp | +274.1 bp | 88.27 | -3.55 % | -7.69 % | 06 Oct | ||
| 4 years | 4.379% | +134.2 bp | +280.0 bp | 84.25 | -5.04 % | -10.31 % | 06 Oct | ||
| 5 years | 4.327% | +131.0 bp | +279.5 bp | 80.91 | -6.13 % | -12.70 % | 06 Oct | ||
| 6 years | 4.299% | +131.3 bp | +276.5 bp | 77.68 | -7.33 % | -14.89 % | 06 Oct | ||
| 7 years | 4.307% | +125.4 bp | +270.2 bp | 74.44 | -8.12 % | -16.78 % | 06 Oct | ||
| 8 years | 4.195% | +120.2 bp | +258.4 bp | 71.98 | -8.86 % | -18.20 % | 06 Oct | ||
| 9 years | 4.192% | +112.5 bp | +250.1 bp | 69.10 | -9.31 % | -19.64 % | 06 Oct | ||
| 10 years | 4.133% | +106.4 bp | +239.8 bp | 66.70 | -9.76 % | -20.78 % | 06 Oct | ||
| 12 years | 4.237% | +96.2 bp | +242.7 bp | 60.78 | -10.53 % | -24.62 % | 06 Oct | ||
| 15 years | 4.388% | +90.4 bp | +251.1 bp | 52.51 | -12.23 % | -30.60 % | 06 Oct | ||
| 20 years | 4.410% | +91.1 bp | +251.2 bp | 42.19 | -16.07 % | -38.55 % | 06 Oct | ||
| 25 years | 4.415% | +92.6 bp | +254.3 bp | 33.96 | -19.96 % | -46.01 % | 06 Oct | ||
| 30 years | 4.311% | +90.1 bp | +248.9 bp | 28.19 | -22.91 % | -51.55 % | 06 Oct | ||
| 40 years | 3.891% | +69.4 bp | +223.8 bp | 21.72 | -23.52 % | -58.15 % | 06 Oct | ||
| 50 years | 3.810% | +68.3 bp | +219.3 bp | 15.42 | -28.11 % | -65.61 % | 06 Oct | ||
Last Update: 6 Oct 2022 8:15 GMT+0
United Kingdom 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).
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| Residual Maturity |
Yield | Spread vs Bond | Spread vs Central Bank Rate (2.25%) |
|||||
|---|---|---|---|---|---|---|---|---|
| 3 months | 1 year | 2 years | 5 years | 10 years | ||||
| 30 years | 4.311% | 206.1 bp | ||||||
| 10 years | 4.133% | 188.3 bp | ||||||
| 5 years | 4.327% | 207.7 bp | ||||||
| 2 years | 4.072% | 182.2 bp | ||||||
| 1 year | 3.592% | 134.2 bp | ||||||
| 3 months | 2.870% | 62.0 bp | ||||||
Focusing on 2 years Government Bond:
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| 2Y vs 1Y | 48 bp | Normal Convexity in Short-Term Maturities | ||
| 5Y vs 2Y | 25.5 bp | Normal Convexity in Mid-Term vs Short-Term Maturities | ||
| 10Y vs 2Y | 6.1 bp | Yield Curve is flat in Long-Term vs Short-Term Maturities |
Readings that may interest you
United Kingdom 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
United Kingdom Credit Ratings History
| Rating Agency | Rating | Outlook |
|---|---|---|
| Standard & Poor's |
AA
|
negative |
| Moody's Investors Service |
Aa3
|
- |
| Fitch Ratings |
AA-
|
- |
| DBRS |
AA (high)
|
- |
United Kingdom 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 | 2.25% |
United Kingdom 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 | 42.75 | -13.19 % | +60.42 % | +359.47 % | 0.71 % |
(*) Implied probability of default, calculated on the hypothesis of a 40% recovery rate.
United Kingdom 10Y Bond Yield Spread
The United Kingdom 10Y Government Bond has a 4.133% 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
| United Kingdom 10Y vs | Current Spread | Chg 1M | Chg 6M | ||
|---|---|---|---|---|---|
| Japan 10Y | 389.3 bp | +106.2 bp | +239.5 bp | Compare | |
| Germany 10Y | 208.0 bp | +63.0 bp | +99.2 bp | Compare | |
| France 10Y | 147.7 bp | +61.4 bp | +92.6 bp | Compare | |
| China 10Y | 138.3 bp | +94.1 bp | +244.8 bp | Compare | |
| Spain 10Y | 87.6 bp | +62.3 bp | +81.4 bp | Compare | |
| Canada 10Y | 84.2 bp | +96.2 bp | +163.6 bp | Compare | |
| United States 10Y | 35.4 bp | +62.7 bp | +121.7 bp | Compare | |
| Australia 10Y | 33.3 bp | +100.7 bp | +153.6 bp | Compare | |
| Italy 10Y | -34.6 bp | +54.8 bp | +21.6 bp | Compare | |
| India 10Y | -332.8 bp | +78.2 bp | +185.4 bp | Compare | |
| Russia 10Y | -566.7 bp | +60.4 bp | +436.8 bp | Compare | |
| Brazil 10Y | -762.3 bp | +133.5 bp | +211.2 bp | Compare |
United Kingdom 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 | 3.810% | 15.42 | 37.62 | 82.02 | 126.42 | 170.82 | 215.22 | ||
| 40 years | 3.891% | 21.72 | 41.84 | 82.07 | 122.31 | 162.55 | 202.78 | ||
| 30 years | 4.311% | 28.19 | 44.85 | 78.16 | 111.48 | 144.79 | 178.11 | ||
| 25 years | 4.415% | 33.96 | 48.92 | 78.83 | 108.75 | 138.67 | 168.59 | ||
| 20 years | 4.410% | 42.19 | 55.29 | 81.51 | 107.73 | 133.95 | 160.17 | ||
| 15 years | 4.388% | 52.51 | 63.34 | 84.98 | 106.63 | 128.28 | 149.92 | ||
| 12 years | 4.237% | 60.78 | 70.03 | 88.55 | 107.06 | 125.58 | 144.09 | ||
| 10 years | 4.133% | 66.70 | 74.76 | 90.87 | 106.99 | 123.11 | 139.22 | ||
| 9 years | 4.192% | 69.10 | 76.47 | 91.21 | 105.96 | 120.70 | 135.44 | ||
| 8 years | 4.195% | 71.98 | 78.66 | 92.02 | 105.38 | 118.73 | 132.09 | ||
| 7 years | 4.307% | 74.44 | 80.38 | 92.25 | 104.12 | 115.98 | 127.85 | ||
| 6 years | 4.299% | 77.68 | 82.88 | 93.26 | 103.64 | 114.03 | 124.41 | ||
| 5 years | 4.327% | 80.91 | 85.32 | 94.15 | 102.97 | 111.79 | 120.61 | ||
| 4 years | 4.379% | 84.25 | 87.85 | 95.04 | 102.24 | 109.43 | 116.63 | ||
| 3 years | 4.246% | 88.27 | 91.04 | 96.56 | 102.08 | 107.61 | 113.13 | ||
| 2 years | 4.072% | 92.33 | 94.21 | 97.98 | 101.75 | 105.52 | 109.29 | ||
| 1 year | 3.592% | 96.53 | 97.50 | 99.43 | 101.36 | 103.29 | 105.22 | ||
| Maturity Date | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | |||