COUNTRY •
UNITED KINGDOM
Last Update: 8 Jun 2023 8:15 GMT+0
The United Kingdom 10Y Government Bond has a 4.327% yield.
10 Years vs 2 Years bond spread is -29.3 bp. Yield Curve is inverted in Long-Term vs Short-Term Maturities.
Central Bank Rate is 4.50% (last modification in May 2023).
The United Kingdom credit rating is AA, according to Standard & Poor's agency.
Current 5-Years Credit Default Swap quotation is 18.52 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 month | 4.216% | +14.1 bp | +113.5 bp | 08 Jun | |||||
| 3 months | 4.818% | +41.6 bp | +152.8 bp | 08 Jun | |||||
| 6 months | 5.077% | +40.7 bp | +107.9 bp | 08 Jun | |||||
| 1 year | 4.881% | +55.5 bp | +172.7 bp | 95.35 | -0.52 % | -1.64 % | 08 Jun | ||
| 2 years | 4.620% | +84.3 bp | +130.5 bp | 91.36 | -1.60 % | -2.49 % | 08 Jun | ||
| 3 years | 4.527% | +80.7 bp | +134.7 bp | 87.56 | -2.30 % | -3.82 % | 08 Jun | ||
| 4 years | 4.420% | +77.1 bp | +120.6 bp | 84.12 | -2.91 % | -4.53 % | 08 Jun | ||
| 5 years | 4.312% | +72.1 bp | +111.1 bp | 80.97 | -3.41 % | -5.21 % | 08 Jun | ||
| 6 years | 4.396% | +66.3 bp | +123.6 bp | 77.25 | -3.75 % | -6.89 % | 08 Jun | ||
| 7 years | 4.247% | +59.7 bp | +102.6 bp | 74.74 | -3.95 % | -6.69 % | 08 Jun | ||
| 8 years | 4.263% | +57.2 bp | +114.7 bp | 71.61 | -4.30 % | -8.46 % | 08 Jun | ||
| 9 years | 4.227% | +54.9 bp | +108.0 bp | 68.90 | -4.64 % | -8.93 % | 08 Jun | ||
| 10 years | 4.327% | +55.5 bp | +123.2 bp | 65.47 | -5.20 % | -11.20 % | 08 Jun | ||
| 12 years | 4.436% | +53.1 bp | +122.2 bp | 59.40 | -5.94 % | -13.17 % | 08 Jun | ||
| 15 years | 4.567% | +51.9 bp | +108.0 bp | 51.18 | -7.18 % | -14.41 % | 08 Jun | ||
| 20 years | 4.585% | +45.1 bp | +104.5 bp | 40.80 | -8.27 % | -18.19 % | 08 Jun | ||
| 25 years | 4.580% | +40.9 bp | +101.2 bp | 32.64 | -9.33 % | -21.60 % | 08 Jun | ||
| 30 years | 4.589% | +37.0 bp | +107.6 bp | 26.03 | -10.09 % | -26.66 % | 08 Jun | ||
| 40 years | 4.304% | +40.0 bp | +118.8 bp | 18.53 | -14.25 % | -36.78 % | 08 Jun | ||
| 50 years | 4.200% | +41.3 bp | +114.2 bp | 12.78 | -18.02 % | -42.38 % | 08 Jun | ||
Last Update: 8 Jun 2023 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 (4.50%) |
|||||
|---|---|---|---|---|---|---|---|---|
| 3 months | 1 year | 2 years | 5 years | 10 years | ||||
| 30 years | 4.589% | 8.9 bp | ||||||
| 10 years | 4.327% | -17.3 bp | ||||||
| 5 years | 4.312% | -18.9 bp | ||||||
| 2 years | 4.620% | 12.0 bp | ||||||
| 1 year | 4.881% | 38.1 bp | ||||||
| 3 months | 4.818% | 31.8 bp | ||||||
Focusing on 2 years Government Bond:
If data are not all visible, swipe table left
| 2Y vs 1Y | -26.1 bp | Yield Curve is inverted in Short-Term Maturities | ||
| 5Y vs 2Y | -30.8 bp | Yield Curve is inverted in Mid-Term vs Short-Term Maturities | ||
| 10Y vs 2Y | -29.3 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
|
- |
| 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 | 4.50% |
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 | 18.52 | -5.94 % | -3.74 % | +71.65 % | 0.31 % |
(*) 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 4.327% 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 | 389.4 bp | +53.6 bp | +105.2 bp | Compare | |
| Germany 10Y | 187.8 bp | +42.2 bp | +62.1 bp | Compare | |
| China 10Y | 160.5 bp | +59.7 bp | +141.6 bp | Compare | |
| France 10Y | 132.4 bp | +46.8 bp | +53.3 bp | Compare | |
| Spain 10Y | 86.4 bp | +50.9 bp | +60.0 bp | Compare | |
| Canada 10Y | 85.7 bp | +8.1 bp | +57.5 bp | Compare | |
| United States 10Y | 52.6 bp | +27.1 bp | +92.2 bp | Compare | |
| Australia 10Y | 32.8 bp | +3.1 bp | +59.7 bp | Compare | |
| Italy 10Y | 7.1 bp | +53.6 bp | +69.3 bp | Compare | |
| India 10Y | -268.4 bp | +59.1 bp | +150.9 bp | Compare | |
| Russia 10Y | -649.3 bp | +37.5 bp | +54.2 bp | Compare | |
| Brazil 10Y | -690.0 bp | +157.3 bp | +299.1 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.
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 | 4.200% | 12.78 | 33.55 | 75.08 | 116.61 | 158.15 | 199.68 | ||
| 40 years | 4.304% | 18.53 | 37.46 | 75.32 | 113.17 | 151.03 | 188.89 | ||
| 30 years | 4.589% | 26.03 | 42.15 | 74.39 | 106.63 | 138.86 | 171.10 | ||
| 25 years | 4.580% | 32.64 | 47.35 | 76.76 | 106.18 | 135.59 | 165.00 | ||
| 20 years | 4.585% | 40.80 | 53.71 | 79.53 | 105.36 | 131.18 | 157.01 | ||
| 15 years | 4.567% | 51.18 | 61.87 | 83.25 | 104.63 | 126.01 | 147.39 | ||
| 12 years | 4.436% | 59.40 | 68.55 | 86.86 | 105.16 | 123.47 | 141.77 | ||
| 10 years | 4.327% | 65.47 | 73.45 | 89.41 | 105.37 | 121.33 | 137.29 | ||
| 9 years | 4.227% | 68.90 | 76.26 | 90.97 | 105.69 | 120.41 | 135.13 | ||
| 8 years | 4.263% | 71.61 | 78.27 | 91.59 | 104.91 | 118.23 | 131.55 | ||
| 7 years | 4.247% | 74.74 | 80.69 | 92.59 | 104.48 | 116.38 | 128.27 | ||
| 6 years | 4.396% | 77.25 | 82.42 | 92.78 | 103.13 | 113.48 | 123.83 | ||
| 5 years | 4.312% | 80.97 | 85.39 | 94.21 | 103.04 | 111.86 | 120.69 | ||
| 4 years | 4.420% | 84.12 | 87.71 | 94.90 | 102.09 | 109.28 | 116.46 | ||
| 3 years | 4.527% | 87.56 | 90.31 | 95.81 | 101.30 | 106.80 | 112.29 | ||
| 2 years | 4.620% | 91.36 | 93.23 | 96.97 | 100.71 | 104.45 | 108.19 | ||
| 1 year | 4.881% | 95.35 | 96.30 | 98.21 | 100.11 | 102.02 | 103.93 | ||
| Maturity Date | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | |||