COUNTRY •
UNITED KINGDOM
Last Update: 2 Jun 2023 2:23 GMT+0
The United Kingdom 10Y Government Bond has a 4.125% yield.
10 Years vs 2 Years bond spread is -16 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 19.69 and implied probability of default is 0.33%.
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 | 4.378% | +0.9 bp | +133.9 bp | 02 Jun | |||||
| 3 months | 4.826% | +25.3 bp | +157.5 bp | 02 Jun | |||||
| 6 months | 5.254% | +27.8 bp | +141.7 bp | 02 Jun | |||||
| 1 year | 4.652% | +36.3 bp | +142.4 bp | 95.55 | -0.35 % | -1.36 % | 02 Jun | ||
| 2 years | 4.285% | +52.3 bp | +98.0 bp | 91.95 | -1.00 % | -1.87 % | 02 Jun | ||
| 3 years | 4.229% | +52.6 bp | +100.5 bp | 88.31 | -1.52 % | -2.87 % | 02 Jun | ||
| 4 years | 4.154% | +52.1 bp | +91.1 bp | 84.98 | -1.98 % | -3.45 % | 02 Jun | ||
| 5 years | 4.058% | +48.2 bp | +80.0 bp | 81.96 | -2.30 % | -3.79 % | 02 Jun | ||
| 6 years | 4.156% | +46.3 bp | +91.8 bp | 78.32 | -2.65 % | -5.18 % | 02 Jun | ||
| 7 years | 4.030% | +44.6 bp | +74.9 bp | 75.84 | -2.96 % | -4.93 % | 02 Jun | ||
| 8 years | 4.047% | +41.9 bp | +87.4 bp | 72.81 | -3.17 % | -6.52 % | 02 Jun | ||
| 9 years | 4.028% | +42.7 bp | +84.5 bp | 70.09 | -3.63 % | -7.08 % | 02 Jun | ||
| 10 years | 4.125% | +46.2 bp | +98.3 bp | 66.75 | -4.36 % | -9.05 % | 02 Jun | ||
| 12 years | 4.233% | +40.4 bp | +93.4 bp | 60.80 | -4.57 % | -10.25 % | 02 Jun | ||
| 15 years | 4.382% | +40.3 bp | +85.9 bp | 52.56 | -5.62 % | -11.65 % | 02 Jun | ||
| 20 years | 4.427% | +36.7 bp | +89.5 bp | 42.05 | -6.80 % | -15.82 % | 02 Jun | ||
| 25 years | 4.461% | +37.2 bp | +89.7 bp | 33.59 | -8.52 % | -19.39 % | 02 Jun | ||
| 30 years | 4.466% | +36.7 bp | +97.7 bp | 26.96 | -10.01 % | -24.57 % | 02 Jun | ||
| 40 years | 4.176% | +37.9 bp | +111.5 bp | 19.47 | -13.54 % | -34.97 % | 02 Jun | ||
| 50 years | 4.073% | +36.6 bp | +107.6 bp | 13.59 | -16.11 % | -40.50 % | 02 Jun | ||
Last Update: 2 Jun 2023 2:23 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).
If data are not all visible, swipe table left
| 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 | 4.466% | -3.4 bp | ||||||
| 10 years | 4.125% | -37.5 bp | ||||||
| 5 years | 4.058% | -44.2 bp | ||||||
| 2 years | 4.285% | -21.5 bp | ||||||
| 1 year | 4.652% | 15.2 bp | ||||||
| 3 months | 4.826% | 32.6 bp | ||||||
Focusing on 2 years Government Bond:
If data are not all visible, swipe table left
| 2Y vs 1Y | -36.7 bp | Yield Curve is inverted in Short-Term Maturities | ||
| 5Y vs 2Y | -22.7 bp | Yield Curve is inverted in Mid-Term vs Short-Term Maturities | ||
| 10Y vs 2Y | -16 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 | 19.69 | +6.49 % | -1.60 % | +95.97 % | 0.33 % |
(*) 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 4.125% 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 | 372.1 bp | +47.3 bp | +83.0 bp | Compare | |
| Germany 10Y | 187.9 bp | +47.7 bp | +55.3 bp | Compare | |
| China 10Y | 140.2 bp | +53.3 bp | +116.3 bp | Compare | |
| France 10Y | 131.2 bp | +50.0 bp | +46.5 bp | Compare | |
| Canada 10Y | 94.3 bp | +11.9 bp | +60.1 bp | Compare | |
| Spain 10Y | 84.2 bp | +50.2 bp | +57.1 bp | Compare | |
| United States 10Y | 50.9 bp | +27.6 bp | +85.0 bp | Compare | |
| Australia 10Y | 48.4 bp | +19.1 bp | +68.4 bp | Compare | |
| Italy 10Y | 13.3 bp | +64.5 bp | +75.7 bp | Compare | |
| India 10Y | -285.4 bp | +58.9 bp | +122.5 bp | Compare | |
| Russia 10Y | -665.5 bp | +29.2 bp | +32.8 bp | Compare | |
| Brazil 10Y | -740.5 bp | +131.7 bp | +232.9 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 | 4.073% | 13.59 | 34.80 | 77.23 | 119.67 | 162.10 | 204.53 | ||
| 40 years | 4.176% | 19.47 | 38.75 | 77.32 | 115.89 | 154.46 | 193.03 | ||
| 30 years | 4.466% | 26.96 | 43.32 | 76.02 | 108.73 | 141.44 | 174.15 | ||
| 25 years | 4.461% | 33.59 | 48.47 | 78.25 | 108.02 | 137.80 | 167.58 | ||
| 20 years | 4.427% | 42.05 | 55.14 | 81.32 | 107.50 | 133.68 | 159.86 | ||
| 15 years | 4.382% | 52.56 | 63.38 | 85.04 | 106.69 | 128.35 | 150.00 | ||
| 12 years | 4.233% | 60.80 | 70.06 | 88.58 | 107.10 | 125.62 | 144.14 | ||
| 10 years | 4.125% | 66.75 | 74.81 | 90.93 | 107.05 | 123.17 | 139.30 | ||
| 9 years | 4.028% | 70.09 | 77.51 | 92.37 | 107.22 | 122.07 | 136.92 | ||
| 8 years | 4.047% | 72.81 | 79.53 | 92.96 | 106.40 | 119.84 | 133.28 | ||
| 7 years | 4.030% | 75.84 | 81.83 | 93.82 | 105.82 | 117.81 | 129.80 | ||
| 6 years | 4.156% | 78.32 | 83.54 | 93.97 | 104.40 | 114.83 | 125.26 | ||
| 5 years | 4.058% | 81.96 | 86.41 | 95.30 | 104.19 | 113.08 | 121.97 | ||
| 4 years | 4.154% | 84.98 | 88.59 | 95.83 | 103.06 | 110.29 | 117.53 | ||
| 3 years | 4.229% | 88.31 | 91.08 | 96.60 | 102.13 | 107.66 | 113.18 | ||
| 2 years | 4.285% | 91.95 | 93.83 | 97.59 | 101.34 | 105.10 | 108.86 | ||
| 1 year | 4.652% | 95.55 | 96.51 | 98.42 | 100.33 | 102.24 | 104.15 | ||
| Maturity Date | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | |||