Kazakhstan Government Bonds - Yields Curve

COUNTRY • SUMMARY
KAZAKHSTAN
Last Update: 28 Nov 2023 9:15 GMT+0

The Kazakhstan 10Y Government Bond has a 12.733% yield.

10 Years vs 2 Years bond spread is -237.3 bp.
Yield Curve is inverted in Long-Term vs Short-Term Maturities.

Central Bank Rate is 15.75% (last modification in November 2023).

The Kazakhstan credit rating is BBB-, according to Standard & Poor's agency.

Table of contents

Kazakhstan Yield Curve

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 16.548% +28.0 bp -14.2 bp 28 Nov
3 months 15.336% -74.0 bp -82.9 bp 28 Nov
6 months 14.623% -72.2 bp -77.9 bp 28 Nov
1 year 15.297% +46.9 bp +44.1 bp 86.73 -0.41 % -0.39 % 28 Nov
2 years 15.106% +103.6 bp +62.7 bp 75.48 -1.78 % -1.07 % 28 Nov
3 years 14.578% +83.2 bp +48.8 bp 66.48 -2.16 % -1.28 % 28 Nov
4 years 14.479% +73.5 bp +58.5 bp 58.22 -2.54 % -2.04 % 28 Nov
5 years 13.716% +30.6 bp +33.2 bp 52.59 -1.33 % -1.44 % 28 Nov
6 years 13.475% +27.0 bp +46.9 bp 46.84 -1.41 % -2.46 % 28 Nov
7 years 13.475% +36.0 bp +60.8 bp 41.28 -2.18 % -3.69 % 28 Nov
8 years 13.233% +33.5 bp +69.0 bp 37.00 -2.35 % -4.79 % 28 Nov
9 years 12.960% +38.8 bp +45.5 bp 33.39 -3.08 % -3.58 % 28 Nov
10 years 12.733% +29.7 bp +73.2 bp 30.16 -2.62 % -6.31 % 28 Nov
15 years 12.526% +23.9 bp +74.7 bp 17.03 -3.13 % -9.51 % 28 Nov
25 years 12.267% +16.7 bp +76.7 bp 5.54 -3.65 % -15.81 % 28 Nov
Last Update: 28 Nov 2023 9:15 GMT+0

Kazakhstan 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).

If data are not all visible, swipe table left
Residual
Maturity		 Yield Spread vs Bond Spread vs
Central Bank
Rate (15.75%)
3 months 1 year 2 years 5 years
10 years 12.733%
-260.3 bp
-256.4 bp
-237.3 bp
-98.3 bp
-301.7 bp
5 years 13.716%
-162.0 bp
-158.1 bp
-139.0 bp
-203.4 bp
2 years 15.106%
-23.0 bp
-19.1 bp
-64.4 bp
1 year 15.297%
-3.9 bp
-45.3 bp
3 months 15.336%
-41.4 bp

Focusing on 2 years Government Bond:

If data are not all visible, swipe table left
2Y vs 1Y -19.1 bp Yield Curve is inverted in Short-Term Maturities
5Y vs 2Y -139 bp Yield Curve is inverted in Mid-Term vs Short-Term Maturities
10Y vs 2Y -237.3 bp Yield Curve is inverted in Long-Term vs Short-Term Maturities
Readings that may interest you
INVESTING IN MUNICIPAL BONDS: How to Balance Risk and Reward for Success in ...
Personal Finance For Dummies
Investing 101: From Stocks and Bonds to ETFs and IPOs, an Essential Primer on ...

Kazakhstan 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 Kazakhstan Credit Ratings History

Rating Agency Rating Outlook
Standard & Poor's BBB- -
Moody's Investors Service Baa2 positive
Fitch Ratings BBB -
DBRS - -

Kazakhstan 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 15.75%

Kazakhstan 10Y Bond Yield Spread

The Kazakhstan 10Y Government Bond has a 12.733% 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 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
Kazakhstan 10Y vs Current Spread Chg 1M Chg 6M Compare
Countries
vs Japan 10Y 1198.0 bp +41.8 bp +39.4 bp
vs Germany 10Y 1022.8 bp +60.6 bp +76.2 bp
vs China 10Y 1002.8 bp +32.7 bp +76.1 bp
vs France 10Y 966.1 bp +66.5 bp +75.9 bp
vs Spain 10Y 922.4 bp +69.7 bp +79.9 bp
vs Canada 10Y 908.5 bp +66.7 bp +44.3 bp
vs United Kingdom 10Y 851.1 bp +63.7 bp +83.8 bp
vs Italy 10Y 846.8 bp +87.1 bp +83.6 bp
vs United States 10Y 836.8 bp +77.7 bp +17.9 bp
vs Australia 10Y 826.8 bp +64.9 bp -0.9 bp
vs India 10Y 546.0 bp +37.5 bp +46.2 bp
vs Brazil 10Y 176.1 bp +104.6 bp +137.6 bp
vs Russia 10Y 66.3 bp +71.7 bp -63.8 bp

Kazakhstan 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%
25 years 12.267% 5.54 13.24 28.64 44.04 59.44 74.84
15 years 12.526% 17.03 23.65 36.90 50.15 63.40 76.64
10 years 12.733% 30.16 35.65 46.62 57.59 68.56 79.53
9 years 12.960% 33.39 38.53 48.81 59.09 69.37 79.65
8 years 13.233% 37.00 41.76 51.28 60.80 70.33 79.85
7 years 13.475% 41.28 45.63 54.35 63.07 71.78 80.50
6 years 13.475% 46.84 50.78 58.67 66.56 74.45 82.35
5 years 13.716% 52.59 56.05 62.96 69.87 76.79 83.70
4 years 14.479% 58.22 61.11 66.88 72.65 78.42 84.19
3 years 14.578% 66.48 68.78 73.38 77.98 82.58 87.17
2 years 15.106% 75.48 77.10 80.35 83.59 86.84 90.09
1 year 15.297% 86.73 87.60 89.33 91.07 92.80 94.54
Maturity Date 100.00 100.00 100.00 100.00 100.00 100.00

Back to Home Page - World Government Bonds