Mexico Government Bonds - Yields Curve

COUNTRY • SUMMARY
MEXICO
Last Update: 28 Nov 2023 6:15 GMT+0

The Mexico 10Y Government Bond has a 9.876% yield.

Central Bank Rate is 11.25% (last modification in March 2023).

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

Current 5-Years Credit Default Swap quotation is 98.02 and implied probability of default is 1.63%.

Table of contents

Mexico Yield Curve

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Residual
Maturity		 Yield ZC Price Last
Change
Last Chg 1M Chg 6M Last Chg 1M Chg 6M
1 month 11.775% -14.3 bp -17.6 bp 27 Nov
3 months 11.841% -9.6 bp -11.8 bp 27 Nov
6 months 11.809% -16.8 bp -8.3 bp 27 Nov
9 months 11.627% -22.4 bp -6.4 bp 27 Nov
1 year 11.275% -54.0 bp +7.8 bp 89.87 +0.49 % -0.07 % 27 Nov
3 years 10.249% -68.3 bp -51.0 bp 74.62 +1.87 % +1.39 % 28 Nov
5 years 10.111% -55.2 bp +44.8 bp 61.78 +2.54 % -2.01 % 28 Nov
7 years 9.812% -64.1 bp +53.4 bp 51.93 +4.15 % -3.37 % 28 Nov
10 years 9.876% -65.0 bp +62.4 bp 38.99 +6.07 % -5.55 % 28 Nov
15 years 10.050% -43.9 bp +62.8 bp 23.78 +6.16 % -8.22 % 28 Nov
20 years 10.078% -41.6 bp +56.0 bp 14.66 +7.87 % -9.67 % 28 Nov
30 years 10.099% -34.7 bp +61.6 bp 5.58 +9.84 % -15.45 % 28 Nov
Last Update: 28 Nov 2023 6:15 GMT+0

Mexico 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 (11.25%)
3 months 1 year 5 years 10 years
30 years 10.099%
-174.2 bp
-117.6 bp
-1.2 bp
-115.1 bp
10 years 9.876%
-196.5 bp
-139.9 bp
-23.5 bp
-137.4 bp
5 years 10.111%
-173.0 bp
-116.4 bp
-113.9 bp
1 year 11.275%
-56.6 bp
2.5 bp
3 months 11.841%
59.1 bp
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Mexico 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 Mexico Credit Ratings History

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

Mexico 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 11.25%

Mexico 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 98.02 0.00 % -24.91 % -23.79 % 1.63 %
(*) Implied probability of default, calculated on the hypothesis of a 40% recovery rate.

Mexico 10Y Bond Yield Spread

The Mexico 10Y Government Bond has a 9.876% 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
Mexico 10Y vs Current Spread Chg 1M Chg 6M Compare
Countries
vs Japan 10Y 912.3 bp -52.9 bp +28.6 bp
vs Germany 10Y 737.1 bp -34.1 bp +65.4 bp
vs China 10Y 717.1 bp -62.0 bp +65.3 bp
vs France 10Y 680.4 bp -28.2 bp +65.1 bp
vs Spain 10Y 636.7 bp -25.0 bp +69.1 bp
vs Canada 10Y 622.8 bp -28.0 bp +33.5 bp
vs United Kingdom 10Y 565.4 bp -31.0 bp +73.0 bp
vs Italy 10Y 561.1 bp -7.6 bp +72.8 bp
vs United States 10Y 551.1 bp -17.0 bp +7.1 bp
vs Australia 10Y 541.1 bp -29.8 bp -11.7 bp
vs India 10Y 260.3 bp -57.2 bp +35.4 bp
vs Brazil 10Y -109.6 bp +9.9 bp +126.8 bp
vs Russia 10Y -219.4 bp -23.0 bp -74.6 bp

Mexico 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%
30 years 10.099% 5.58 14.93 33.63 52.33 71.03 89.72
20 years 10.078% 14.66 23.12 40.06 57.00 73.93 90.87
15 years 10.050% 23.78 31.36 46.53 61.70 76.87 92.04
10 years 9.876% 38.99 45.17 57.52 69.88 82.23 94.59
7 years 9.812% 51.93 56.83 66.63 76.43 86.22 96.02
5 years 10.111% 61.78 65.56 73.12 80.68 88.24 95.80
3 years 10.249% 74.62 77.10 82.05 87.00 91.96 96.91
1 year 11.275% 89.87 90.77 92.56 94.36 96.16 97.96
Maturity Date 100.00 100.00 100.00 100.00 100.00 100.00

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