COUNTRY •
UNITED KINGDOM
Last Update: 9 Feb 2023 0:15 GMT+0
The United Kingdom 10Y Government Bond has a 3.335% yield.
10 Years vs 2 Years bond spread is -13.5 bp. Yield Curve is inverted in Long-Term vs Short-Term Maturities.
Central Bank Rate is 4.00% (last modification in February 2023).
The United Kingdom credit rating is AA, according to Standard & Poor's agency.
Current 5-Years Credit Default Swap quotation is 6.82 and implied probability of default is 0.11%.
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 | 3.631% | +28.5 bp | +221.0 bp | 09 Feb | |||||
| 3 months | 3.997% | +23.2 bp | +216.8 bp | 09 Feb | |||||
| 6 months | 4.183% | +19.0 bp | +198.5 bp | 09 Feb | |||||
| 1 year | 3.580% | +17.7 bp | +149.2 bp | 96.54 | -0.18 % | -1.44 % | 09 Feb | ||
| 2 years | 3.470% | +3.1 bp | +154.6 bp | 93.41 | -0.05 % | -2.96 % | 09 Feb | ||
| 3 years | 3.171% | -18.4 bp | +138.4 bp | 91.06 | +0.53 % | -3.98 % | 09 Feb | ||
| 4 years | 3.243% | -21.3 bp | +130.3 bp | 88.02 | +0.82 % | -4.95 % | 09 Feb | ||
| 5 years | 3.202% | -24.1 bp | +137.2 bp | 85.42 | +1.17 % | -6.47 % | 09 Feb | ||
| 6 years | 3.215% | -23.8 bp | +140.2 bp | 82.71 | +1.40 % | -7.87 % | 09 Feb | ||
| 7 years | 3.328% | -21.0 bp | +144.1 bp | 79.52 | +1.43 % | -9.36 % | 09 Feb | ||
| 8 years | 3.237% | -25.6 bp | +137.2 bp | 77.50 | +2.00 % | -10.16 % | 09 Feb | ||
| 9 years | 3.350% | -19.0 bp | +137.9 bp | 74.34 | +1.67 % | -11.38 % | 09 Feb | ||
| 10 years | 3.335% | -19.7 bp | +134.4 bp | 72.03 | +1.92 % | -12.28 % | 08 Feb | ||
| 12 years | 3.448% | -24.4 bp | +125.4 bp | 66.58 | +2.87 % | -13.61 % | 09 Feb | ||
| 15 years | 3.726% | -19.2 bp | +139.1 bp | 57.77 | +2.79 % | -18.33 % | 09 Feb | ||
| 20 years | 3.826% | -16.0 bp | +143.0 bp | 47.19 | +3.13 % | -24.23 % | 09 Feb | ||
| 25 years | 3.799% | -22.0 bp | +137.9 bp | 39.37 | +5.44 % | -28.42 % | 09 Feb | ||
| 30 years | 3.797% | -15.2 bp | +144.8 bp | 32.69 | +4.47 % | -34.40 % | 09 Feb | ||
| 40 years | 3.472% | -14.0 bp | +129.1 bp | 25.53 | +5.54 % | -39.49 % | 09 Feb | ||
| 50 years | 3.518% | -10.3 bp | +132.3 bp | 17.75 | +5.09 % | -47.44 % | 09 Feb | ||
Last Update: 9 Feb 2023 0:15 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 (4.00%) |
|||||
|---|---|---|---|---|---|---|---|---|
| 3 months | 1 year | 2 years | 5 years | 10 years | ||||
| 30 years | 3.797% | -20.3 bp | ||||||
| 10 years | 3.335% | -66.5 bp | ||||||
| 5 years | 3.202% | -79.8 bp | ||||||
| 2 years | 3.470% | -53.0 bp | ||||||
| 1 year | 3.580% | -42.1 bp | ||||||
| 3 months | 3.997% | -0.3 bp | ||||||
Focusing on 2 years Government Bond:
If data are not all visible, swipe table left
| 2Y vs 1Y | -11 bp | Yield Curve is inverted in Short-Term Maturities | ||
| 5Y vs 2Y | -26.8 bp | Yield Curve is inverted in Mid-Term vs Short-Term Maturities | ||
| 10Y vs 2Y | -13.5 bp | Yield Curve is inverted 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
|
negative |
| Fitch Ratings |
AA-
|
negative |
| DBRS |
AA
|
- |
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 | 4.00% |
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 | 6.82 | 0.00 % | 0.00 % | -32.12 % | 0.11 % |
(*) 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 3.335% 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 | 284.7 bp | -18.7 bp | +102.4 bp | Compare | |
| Germany 10Y | 97.3 bp | -32.6 bp | -9.8 bp | Compare | |
| France 10Y | 52.9 bp | -26.7 bp | +1.5 bp | Compare | |
| China 10Y | 41.6 bp | -21.1 bp | +117.3 bp | Compare | |
| Canada 10Y | 29.9 bp | -12.8 bp | +101.9 bp | Compare | |
| Spain 10Y | -3.5 bp | -28.7 bp | +3.7 bp | Compare | |
| United States 10Y | -26.3 bp | -26.7 bp | +53.2 bp | Compare | |
| Australia 10Y | -27.2 bp | -10.3 bp | +96.3 bp | Compare | |
| Italy 10Y | -87.4 bp | -21.3 bp | +21.3 bp | Compare | |
| India 10Y | -400.9 bp | -19.9 bp | +134.8 bp | Compare | |
| Russia 10Y | -734.5 bp | -53.7 bp | -28.6 bp | Compare | |
| Brazil 10Y | -997.1 bp | -50.1 bp | +17.7 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 | 3.518% | 17.75 | 41.13 | 87.89 | 134.65 | 181.41 | 228.17 | ||
| 40 years | 3.472% | 25.53 | 46.98 | 89.88 | 132.77 | 175.67 | 218.57 | ||
| 30 years | 3.797% | 32.69 | 50.42 | 85.87 | 121.32 | 156.78 | 192.23 | ||
| 25 years | 3.799% | 39.37 | 55.33 | 87.25 | 119.17 | 151.09 | 183.00 | ||
| 20 years | 3.826% | 47.19 | 61.00 | 88.60 | 116.20 | 143.81 | 171.41 | ||
| 15 years | 3.726% | 57.77 | 69.11 | 91.78 | 114.45 | 137.12 | 159.79 | ||
| 12 years | 3.448% | 66.58 | 76.27 | 95.66 | 115.04 | 134.43 | 153.82 | ||
| 10 years | 3.335% | 72.03 | 80.42 | 97.19 | 113.96 | 130.74 | 147.51 | ||
| 9 years | 3.350% | 74.34 | 82.00 | 97.32 | 112.64 | 127.97 | 143.29 | ||
| 8 years | 3.237% | 77.50 | 84.45 | 98.35 | 112.25 | 126.15 | 140.05 | ||
| 7 years | 3.328% | 79.52 | 85.67 | 97.98 | 110.29 | 122.60 | 134.91 | ||
| 6 years | 3.215% | 82.71 | 88.09 | 98.84 | 109.60 | 120.36 | 131.12 | ||
| 5 years | 3.202% | 85.42 | 89.97 | 99.08 | 108.19 | 117.29 | 126.40 | ||
| 4 years | 3.243% | 88.02 | 91.71 | 99.10 | 106.50 | 113.89 | 121.28 | ||
| 3 years | 3.171% | 91.06 | 93.88 | 99.52 | 105.16 | 110.80 | 116.44 | ||
| 2 years | 3.470% | 93.41 | 95.31 | 99.11 | 102.91 | 106.71 | 110.51 | ||
| 1 year | 3.580% | 96.54 | 97.51 | 99.44 | 101.37 | 103.30 | 105.23 | ||
| Maturity Date | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | |||