Bahrain Government Bonds - Yields Curve

COUNTRY • SUMMARY
BAHRAIN
Last Update: 28 Nov 2023 18:15 GMT+0

The Bahrain 10Y Government Bond has an estimated 6.555% yield. Its value is not derived from the market, but it's calculated according to the yields of other available durations.

Central Bank Rate is 6.25% (last modification in July 2023).

The Bahrain credit rating is B+, according to Standard & Poor's agency.

Current 5-Years Credit Default Swap quotation is 255.00 and implied probability of default is 4.25%.

Table of contents

Bahrain Yield Curve

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Residual
Maturity
Yield ZC Price Last
Change
Last Chg 1M Chg 6M Last Chg 1M Chg 6M
3 months 6.354% -5.7 bp -316.5 bp 28 Nov
6 months 6.389% -5.1 bp +14.9 bp 28 Nov
9 months 6.426% -3.2 bp +6.9 bp 28 Nov
1 year 6.459% -1.9 bp +8.5 bp 93.93 +0.01 % -0.09 % 28 Nov
2 years 6.427% -34.6 bp +21.7 bp 88.29 +0.65 % -0.41 % 28 Nov
5 years 6.475% -97.7 bp +18.4 bp 73.07 +4.67 % -0.87 % 28 Nov
Last Update: 28 Nov 2023 18:15 GMT+0

Bahrain Yield 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).

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Residual
Maturity
Yield Spread vs Bond Spread vs
Central Bank
Rate (6.25%)
3 months 1 year 2 years
5 years 6.475% 22.5 bp
2 years 6.427%
17.7 bp
1 year 6.459%
20.9 bp
3 months 6.354%
10.4 bp

Focusing on 2 years Government Bond:

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2Y vs 1Y -3.2 bp Yield Curve is inverted in Short-Term Maturities
5Y vs 2Y 4.8 bp Yield Curve is flat in Mid-Term vs Short-Term Maturities

Bahrain 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 Bahrain Credit Ratings History

Rating Agency Rating Outlook
Standard & Poor's B+ -
Moody's Investors Service B2 -
Fitch Ratings B+ -
DBRS - -

Bahrain 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 6.25%

Bahrain 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 255.00 -3.77 % -10.53 % -47.42 % 4.25 %
(*) Implied probability of default, calculated on the hypothesis of a 40% recovery rate.

Bahrain 10Y Bond Yield Spread

The Bahrain 10Y Government Bond has an estimated 6.555% yield.

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 "Compare" button, for a report with the full comparison between the two countries, with all the available data.
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Bahrain 10Y vs Current Spread Chg 1M Chg 6M Compare
Countries
vs Japan 10Y 580.2 bp -190.8 bp -20.9 bp
vs Germany 10Y 405.0 bp -172.0 bp +15.9 bp
vs China 10Y 385.0 bp -199.9 bp +15.8 bp
vs France 10Y 348.3 bp -166.1 bp +15.6 bp
vs Spain 10Y 304.6 bp -162.9 bp +19.6 bp
vs Canada 10Y 290.7 bp -165.9 bp -16.0 bp
vs United Kingdom 10Y 233.3 bp -168.9 bp +23.5 bp
vs Italy 10Y 229.0 bp -145.5 bp +23.3 bp
vs United States 10Y 219.0 bp -154.9 bp -42.4 bp
vs Australia 10Y 209.0 bp -167.7 bp -61.2 bp
vs India 10Y -71.8 bp -195.1 bp -14.1 bp
vs Brazil 10Y -441.7 bp -128.0 bp +77.3 bp
vs Russia 10Y -551.5 bp -160.9 bp -124.1 bp

Bahrain 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%
5 years 6.475% 73.07 77.23 85.55 93.87 102.18 110.50
2 years 6.427% 88.29 90.11 93.75 97.40 101.04 104.69
1 year 6.459% 93.93 94.87 96.75 98.63 100.51 102.39
Maturity Date 100.00 100.00 100.00 100.00 100.00 100.00

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