Mexico Government Bonds - Yields Curve

COUNTRY • SUMMARY
MEXICO
Last Update: 17 Apr 2024 5:15 GMT+0

The Mexico 10Y Government Bond has a 10.473% yield.

Central Bank Rate is 11.00% (last modification in March 2024).

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

Current 5-Years Credit Default Swap quotation is 104.95 and implied probability of default is 1.75%.

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Mexico 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 11.646% -18.5 bp -17.6 bp 16 Apr
3 months 11.649% -7.2 bp -19.4 bp 16 Apr
6 months 11.620% +8.7 bp -28.6 bp 16 Apr
9 months 11.495% +19.6 bp -21.0 bp 16 Apr
1 year 11.056% -5.9 bp -69.8 bp 90.04 +0.04 % +0.63 % 16 Apr
3 years 11.006% +70.0 bp -5.5 bp 73.11 -1.88 % +0.15 % 17 Apr
5 years 10.691% +73.7 bp -10.0 bp 60.18 -3.28 % +0.45 % 17 Apr
7 years 10.427% +80.2 bp +6.4 bp 49.94 -4.98 % -0.42 % 17 Apr
10 years 10.473% +83.9 bp +11.7 bp 36.94 -7.33 % -1.04 % 17 Apr
15 years 10.514% +77.8 bp +22.2 bp 22.32 -10.07 % -3.00 % 17 Apr
20 years 10.559% +71.5 bp +25.6 bp 13.43 -12.16 % -4.55 % 17 Apr
30 years 10.505% +67.1 bp +28.7 bp 5.00 -16.67 % -7.41 % 17 Apr
Last Update: 17 Apr 2024 5:15 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 (11.00%)
3 months 1 year 5 years 10 years
30 years 10.505% -49.5 bp
10 years 10.473%
-52.7 bp
5 years 10.691%
-30.9 bp
1 year 11.056%
5.6 bp
3 months 11.649%
64.9 bp

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 11.00%

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 104.95 +13.99 % +26.28 % -6.98 % 1.75 %
(*) 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 10.473% 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 959.7 bp +73.5 bp +2.6 bp
vs China 10Y 819.7 bp +90.7 bp +56.5 bp
vs Germany 10Y 801.4 bp +81.4 bp +54.4 bp
vs France 10Y 749.6 bp +73.5 bp +65.0 bp
vs Spain 10Y 718.3 bp +79.1 bp +83.7 bp
vs Canada 10Y 674.0 bp +68.2 bp +50.3 bp
vs Italy 10Y 661.1 bp +65.5 bp +118.0 bp
vs United Kingdom 10Y 618.3 bp +64.2 bp +36.4 bp
vs Australia 10Y 609.7 bp +62.5 bp +39.8 bp
vs United States 10Y 588.0 bp +55.4 bp +36.3 bp
vs India 10Y 328.0 bp +70.8 bp +25.2 bp
vs Brazil 10Y -132.0 bp -12.6 bp +9.8 bp
vs Russia 10Y -374.7 bp +25.9 bp -185.3 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 10.505% 5.00 14.04 32.13 50.21 68.30 86.39
20 years 10.559% 13.43 21.63 38.03 54.42 70.82 87.22
15 years 10.514% 22.32 29.71 44.49 59.26 74.04 88.81
10 years 10.473% 36.94 42.96 55.00 67.04 79.09 91.13
7 years 10.427% 49.94 54.74 64.35 73.95 83.55 93.15
5 years 10.691% 60.18 63.90 71.35 78.80 86.25 93.70
3 years 11.006% 73.11 75.55 80.44 85.32 90.21 95.10
1 year 11.056% 90.04 90.95 92.75 94.55 96.35 98.15
Maturity Date 100.00 100.00 100.00 100.00 100.00 100.00

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