COUNTRY •
UNITED KINGDOM
Last Update: 28 Jun 2022 11:15 GMT+0
The United Kingdom 10Y Government Bond has a 2.487% yield.
10 Years vs 2 Years bond spread is 39.1 bp. Normal Convexity in Long-Term vs Short-Term Maturities.
Central Bank Rate is 1.25% (last modification in June 2022).
The United Kingdom credit rating is AA, according to Standard & Poor's agency.
Current 5-Years Credit Default Swap quotation is 12.45 and implied probability of default is 0.21%.
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Residual Maturity |
Yield | ZC Price | Last Change |
||||||
---|---|---|---|---|---|---|---|---|---|
Last | Chg 1M | Chg 6M | Last | Chg 1M | Chg 6M | ||||
1 month | 0.879% | -12.5 bp | +75.4 bp | 28 Jun | |||||
3 months | 1.192% | +24.2 bp | +105.4 bp | 28 Jun | |||||
6 months | 1.917% | +60.7 bp | +175.3 bp | 28 Jun | |||||
1 year | 2.087% | +69.6 bp | +160.4 bp | 97.96 | -0.68 % | -1.57 % | 28 Jun | ||
2 years | 2.097% | +66.3 bp | +145.2 bp | 95.94 | -1.29 % | -2.82 % | 28 Jun | ||
3 years | 2.091% | +63.6 bp | +137.6 bp | 93.98 | -1.86 % | -3.99 % | 28 Jun | ||
4 years | 2.197% | +59.3 bp | +151.1 bp | 91.67 | -2.30 % | -5.79 % | 28 Jun | ||
5 years | 2.130% | +55.9 bp | +135.5 bp | 90.00 | -2.70 % | -6.45 % | 28 Jun | ||
6 years | 2.173% | +54.0 bp | +146.0 bp | 87.90 | -3.13 % | -8.28 % | 28 Jun | ||
7 years | 2.292% | +54.8 bp | +155.0 bp | 85.33 | -3.69 % | -10.14 % | 28 Jun | ||
8 years | 2.325% | +54.4 bp | +151.5 bp | 83.21 | -4.17 % | -11.24 % | 28 Jun | ||
9 years | 2.448% | +55.8 bp | +158.7 bp | 80.44 | -4.79 % | -13.10 % | 28 Jun | ||
10 years | 2.487% | +56.3 bp | +156.4 bp | 78.22 | -5.36 % | -14.25 % | 28 Jun | ||
12 years | 2.672% | +60.2 bp | +173.2 bp | 72.87 | -6.82 % | -18.47 % | 28 Jun | ||
15 years | 2.770% | +57.3 bp | +166.3 bp | 66.38 | -8.04 % | -21.70 % | 28 Jun | ||
20 years | 2.787% | +56.3 bp | +162.9 bp | 57.71 | -10.40 % | -27.34 % | 28 Jun | ||
25 years | 2.773% | +54.8 bp | +160.1 bp | 50.47 | -12.52 % | -32.46 % | 28 Jun | ||
30 years | 2.734% | +54.7 bp | +164.8 bp | 44.52 | -14.81 % | -38.44 % | 28 Jun | ||
40 years | 2.562% | +51.1 bp | +161.6 bp | 36.35 | -18.11 % | -47.03 % | 28 Jun | ||
50 years | 2.516% | +52.4 bp | +166.2 bp | 28.87 | -22.60 % | -55.83 % | 28 Jun |
Last Update: 28 Jun 2022 11:15 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 (1.25%) |
|||||
---|---|---|---|---|---|---|---|---|
3 months | 1 year | 2 years | 5 years | 10 years | ||||
30 years | 2.734% | 148.4 bp | ||||||
10 years | 2.487% | 123.7 bp | ||||||
5 years | 2.130% | 88.0 bp | ||||||
2 years | 2.097% | 84.7 bp | ||||||
1 year | 2.087% | 83.7 bp | ||||||
3 months | 1.192% | -5.8 bp |
Focusing on 2 years Government Bond:
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2Y vs 1Y | 1 bp | Yield Curve is flat in Short-Term Maturities | ||
5Y vs 2Y | 3.4 bp | Yield Curve is flat in Mid-Term vs Short-Term Maturities | ||
10Y vs 2Y | 39.1 bp | Normal Convexity 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
|
- |
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 | 1.25% |
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 | 12.45 | +10.66 % | +17.96 % | +31.60 % | 0.21 % |
(*) 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 2.487% 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.
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United Kingdom 10Y vs | Current Spread | Chg 1M | Chg 6M | ||
---|---|---|---|---|---|
Japan 10Y | 225.7 bp | +55.6 bp | +139.3 bp | Compare | |
Germany 10Y | 83.2 bp | -11.6 bp | -32.7 bp | Compare | |
France 10Y | 29.6 bp | -13.4 bp | -49.6 bp | Compare | |
Spain 10Y | -25.5 bp | -9.1 bp | -66.8 bp | Compare | |
China 10Y | -37.0 bp | +45.6 bp | +152.7 bp | Compare | |
United States 10Y | -76.2 bp | +5.7 bp | -20.1 bp | Compare | |
Canada 10Y | -97.1 bp | -10.5 bp | -41.8 bp | Compare | |
Italy 10Y | -119.7 bp | -22.5 bp | -102.5 bp | Compare | |
Australia 10Y | -133.2 bp | -0.7 bp | -66.8 bp | Compare | |
India 10Y | -497.0 bp | +45.6 bp | +58.5 bp | Compare | |
Russia 10Y | -613.3 bp | +145.3 bp | +135.9 bp | Compare | |
Brazil 10Y | -1029.5 bp | +21.4 bp | -51.1 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.
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Residual Maturity |
Yield | Bond Price - with different Coupon Rates | Fx | ||||||
---|---|---|---|---|---|---|---|---|---|
0% | 1% | 3% | 5% | 7% | 9% | ||||
50 years | 2.516% | 28.87 | 57.14 | 113.68 | 170.23 | 226.77 | 283.31 | ||
40 years | 2.562% | 36.35 | 61.20 | 110.88 | 160.57 | 210.25 | 259.94 | ||
30 years | 2.734% | 44.52 | 64.81 | 105.40 | 145.98 | 186.57 | 227.15 | ||
25 years | 2.773% | 50.47 | 68.33 | 104.05 | 139.78 | 175.50 | 211.23 | ||
20 years | 2.787% | 57.71 | 72.88 | 103.23 | 133.58 | 163.93 | 194.28 | ||
15 years | 2.770% | 66.38 | 78.52 | 102.80 | 127.08 | 151.36 | 175.63 | ||
12 years | 2.672% | 72.87 | 83.03 | 103.33 | 123.63 | 143.94 | 164.24 | ||
10 years | 2.487% | 78.22 | 86.98 | 104.49 | 122.01 | 139.52 | 157.04 | ||
9 years | 2.448% | 80.44 | 88.43 | 104.41 | 120.40 | 136.38 | 152.36 | ||
8 years | 2.325% | 83.21 | 90.43 | 104.88 | 119.33 | 133.78 | 148.22 | ||
7 years | 2.292% | 85.33 | 91.73 | 104.53 | 117.33 | 130.13 | 142.93 | ||
6 years | 2.173% | 87.90 | 93.47 | 104.61 | 115.74 | 126.88 | 138.02 | ||
5 years | 2.130% | 90.00 | 94.69 | 104.09 | 113.48 | 122.87 | 132.26 | ||
4 years | 2.197% | 91.67 | 95.46 | 103.04 | 110.62 | 118.20 | 125.78 | ||
3 years | 2.091% | 93.98 | 96.86 | 102.62 | 108.38 | 114.13 | 119.89 | ||
2 years | 2.097% | 95.94 | 97.87 | 101.75 | 105.63 | 109.51 | 113.38 | ||
1 year | 2.087% | 97.96 | 98.94 | 100.89 | 102.85 | 104.81 | 106.77 | ||
Maturity Date | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 |