Kenya Government Bonds - Yields Curve

COUNTRY • SUMMARY
KENYA
Last Update: 15 Oct 2024 2:15 GMT+0

The Kenya 10-Year Government Bond currently offers a yield of 17.160%. 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 Kenya 10-Year and 2-Year government bonds is -16.2 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.

Kenya Central Bank Rate stands at 12.00%, following the most recent adjustment in October 2024.

According to Standard & Poor's agency, the Kenya credit rating is B-.

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Kenya 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
3 months 15.988% 0.0 bp +25.5 bp 01 Aug
6 months 16.850% 0.0 bp -1.8 bp 01 Aug
1 year 16.921% 0.0 bp +39.0 bp 85.53 0.00 % -0.33 % 01 Aug
2 years 17.322% -36.8 bp -35.8 bp 72.65 +0.62 % +0.61 % 15 Oct
3 years 16.929% -5.1 bp -73.4 bp 62.55 +0.13 % +1.89 % 15 Oct
4 years 17.404% -47.6 bp -117.8 bp 52.63 +1.62 % +4.07 % 15 Oct
5 years 17.460% -64.0 bp -117.2 bp 44.72 +2.73 % +5.08 % 15 Oct
6 years 17.629% -56.1 bp -123.3 bp 37.75 +2.89 % +6.46 % 15 Oct
7 years 17.240% +6.0 bp -147.5 bp 32.85 -0.33 % +9.17 % 11 Oct
8 years 17.160% +17.0 bp -163.5 bp 28.17 -1.16 % +11.74 % 11 Oct
9 years 17.160% +23.0 bp -153.9 bp 24.04 -1.76 % +12.44 % 11 Oct
10 years 17.160% +26.0 bp -135.2 bp 20.52 -2.19 % +12.13 % 11 Oct
15 years 17.040% +38.0 bp -87.0 bp 9.44 -4.74 % +11.72 % 11 Oct
20 years 16.790% +35.0 bp -47.8 bp 4.49 -5.67 % +8.72 % 11 Oct
25 years 16.650% +27.0 bp -67.4 bp 2.13 -5.33 % +15.76 % 11 Oct
Last Update: 15 Oct 2024 2:15 GMT+0

Kenya 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 (12.00%)
2 years 5 years
10 years 17.160% 516.0 bp
5 years 17.460%
546.0 bp
2 years 17.322%
532.2 bp

Focusing on 2 years Government Bond:

If data are not all visible, swipe table left
5Y vs 2Y 13.8 bp Yield Curve is flat in Mid-Term vs Short-Term Maturities
10Y vs 2Y -16.2 bp Yield Curve is inverted in Long-Term vs Short-Term Maturities

Kenya 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 Kenya Credit Ratings History

Rating Agency Rating Outlook
Standard & Poor's B- -
Moody's Investors Service Caa1 negative
Fitch Ratings B- -
DBRS - -

Kenya 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 12.00%
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Kenya 10Y Bond Yield Spread

The Kenya 10Y Government Bond has a 17.160% 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
Kenya 10Y vs Current Spread Chg 1M Chg 6M Compare
Countries
vs Japan 10Y 1619.8 bp +14.9 bp -145.5 bp
vs China 10Y 1500.4 bp +17.2 bp -121.8 bp
vs Germany 10Y 1493.2 bp +17.9 bp -114.2 bp
vs Spain 10Y 1421.1 bp +27.3 bp -104.0 bp
vs France 10Y 1419.3 bp +13.2 bp -136.2 bp
vs Canada 10Y 1397.1 bp -2.3 bp -76.1 bp
vs Italy 10Y 1368.9 bp +30.1 bp -98.2 bp
vs United States 10Y 1310.9 bp -13.7 bp -80.0 bp
vs United Kingdom 10Y 1293.1 bp -19.1 bp -133.9 bp
vs Australia 10Y 1289.8 bp -13.0 bp -126.9 bp
vs India 10Y 1028.0 bp +17.2 bp -105.7 bp
vs Brazil 10Y 463.0 bp -32.0 bp -235.9 bp
vs Russia 10Y 96.3 bp -42.8 bp -326.9 bp

Kenya 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 16.650% 2.13 8.01 19.76 31.52 43.28 55.03
20 years 16.790% 4.49 10.18 21.55 32.93 44.31 55.68
15 years 17.040% 9.44 14.75 25.38 36.01 46.64 57.27
10 years 17.160% 20.52 25.15 34.42 43.68 52.94 62.21
9 years 17.160% 24.04 28.47 37.32 46.17 55.03 63.88
8 years 17.160% 28.17 32.35 40.73 49.10 57.47 65.84
7 years 17.240% 32.85 36.74 44.53 52.32 60.11 67.90
6 years 17.629% 37.75 41.28 48.34 55.41 62.47 69.53
5 years 17.460% 44.72 47.89 54.22 60.55 66.89 73.22
4 years 17.404% 52.63 55.36 60.80 66.24 71.69 77.13
3 years 16.929% 62.55 64.76 69.19 73.61 78.04 82.46
2 years 17.322% 72.65 74.23 77.39 80.55 83.70 86.86
Maturity Date 100.00 100.00 100.00 100.00 100.00 100.00

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