Kazakhstan Government Bonds - Yields Curve

COUNTRY • SUMMARY
KAZAKHSTAN
Last Update: 20 Sep 2024 2:17 GMT+0

The Kazakhstan 10-Year Government Bond currently offers a yield of 13.383%. This yield reflects the return investors can expect if they hold the bond until maturity. Government bond yields are critical indicators of economic confidence and investor sentiment.

The spread between Kazakhstan 10-Year and 2-Year government bonds is -0.5 basis points (bp). This spread is a measure of the difference in yields between long-term and short-term government debt. Long-term yields should be greater than short-term ones.
Current analysis: Yield Curve is inverted in Long-Term vs Short-Term Maturities.

Kazakhstan Central Bank Rate stands at 14.25%, following the most recent adjustment in July 2024.

According to Standard & Poor's agency, the Kazakhstan credit rating is BBB-.

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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 14.414% 0.0 bp 0.0 bp 26 Jan
6 months 13.608% 0.0 bp 0.0 bp 26 Jan
1 year 13.390% 0.0 bp +30.3 bp 88.19 0.00 % -0.27 % 18 Sep
2 years 13.388% 0.0 bp +40.9 bp 77.78 0.00 % -0.71 % 18 Sep
3 years 13.396% 0.0 bp +47.4 bp 68.58 0.00 % -1.25 % 18 Sep
4 years 13.383% 0.0 bp +49.3 bp 60.51 0.00 % -1.72 % 18 Sep
5 years 13.379% 0.0 bp +62.2 bp 53.37 0.00 % -2.72 % 18 Sep
6 years 13.448% +22.1 bp +79.7 bp 46.90 -1.18 % -4.15 % 18 Sep
7 years 13.401% -5.6 bp +75.0 bp 41.47 +0.36 % -4.53 % 18 Sep
8 years 13.498% +14.1 bp +99.6 bp 36.32 -0.98 % -6.80 % 18 Sep
9 years 13.545% +0.6 bp +114.3 bp 31.88 -0.03 % -8.71 % 18 Sep
10 years 13.383% 0.0 bp +118.0 bp 28.48 0.00 % -9.93 % 18 Sep
15 years 13.295% 0.0 bp +127.2 bp 15.38 0.00 % -15.54 % 18 Sep
25 years 13.183% 0.0 bp +138.3 bp 4.52 0.00 % -26.50 % 18 Sep
Last Update: 20 Sep 2024 2:17 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 (14.25%)
1 year 2 years 5 years
10 years 13.383% -86.7 bp
5 years 13.379%
-87.1 bp
2 years 13.388%
-86.2 bp
1 year 13.390%
-86.0 bp

Focusing on 2 years Government Bond:

If data are not all visible, swipe table left
2Y vs 1Y -0.2 bp Yield Curve is inverted in Short-Term Maturities
5Y vs 2Y -0.9 bp Yield Curve is inverted in Mid-Term vs Short-Term Maturities
10Y vs 2Y -0.5 bp Yield Curve is inverted in Long-Term vs Short-Term Maturities

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 Baa1 -
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 14.25%
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Kazakhstan 10Y Bond Yield Spread

The Kazakhstan 10Y Government Bond has a 13.383% 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 1252.4 bp +3.6 bp +104.6 bp
vs China 10Y 1133.6 bp +7.9 bp +144.7 bp
vs Germany 10Y 1119.1 bp +2.1 bp +141.6 bp
vs France 10Y 1046.3 bp +2.4 bp +113.2 bp
vs Canada 10Y 1045.6 bp +10.7 bp +176.6 bp
vs Spain 10Y 1039.3 bp +6.4 bp +142.4 bp
vs Italy 10Y 982.8 bp +5.0 bp +134.5 bp
vs United States 10Y 966.4 bp +8.4 bp +173.8 bp
vs United Kingdom 10Y 948.8 bp +2.3 bp +129.1 bp
vs Australia 10Y 943.1 bp +0.5 bp +127.3 bp
vs India 10Y 651.4 bp +10.1 bp +140.8 bp
vs Brazil 10Y 124.3 bp -65.9 bp -5.0 bp
vs Russia 10Y -247.0 bp -38.0 bp -84.3 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 13.183% 4.52 11.77 26.25 40.74 55.22 69.71
15 years 13.295% 15.38 21.74 34.47 47.20 59.93 72.66
10 years 13.383% 28.48 33.82 44.51 55.20 65.89 76.58
9 years 13.545% 31.88 36.91 46.97 57.02 67.08 77.14
8 years 13.498% 36.32 41.03 50.47 59.91 69.34 78.78
7 years 13.401% 41.47 45.83 54.57 63.30 72.04 80.78
6 years 13.448% 46.90 50.85 58.75 66.65 74.54 82.44
5 years 13.379% 53.37 56.86 63.83 70.80 77.77 84.74
4 years 13.383% 60.51 63.46 69.36 75.26 81.16 87.07
3 years 13.396% 68.58 70.93 75.62 80.31 85.00 89.69
2 years 13.388% 77.78 79.44 82.76 86.08 89.40 92.72
1 year 13.390% 88.19 89.07 90.84 92.60 94.36 96.13
Maturity Date 100.00 100.00 100.00 100.00 100.00 100.00

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