Pakistan Government Bonds - Yields Curve

COUNTRY • SUMMARY
PAKISTAN
Last Update: 19 Apr 2024 14:15 GMT+0

The Pakistan 10Y Government Bond has a 14.639% yield.

Central Bank Rate is 22.00% (last modification in June 2023).

The Pakistan credit rating is CCC+, according to Standard & Poor's agency.

Current 5-Years Credit Default Swap quotation is 505.92 and implied probability of default is 8.43%.

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Pakistan 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 years 17.403% +5.0 bp -228.9 bp 61.80 -0.13 % +5.97 % 19 Apr
5 years 15.866% +5.5 bp -87.8 bp 47.89 -0.23 % +3.86 % 19 Apr
10 years 14.639% -2.6 bp -182.7 bp 25.51 +0.24 % +17.13 % 19 Apr
14 years 14.526% -1.6 bp -132.6 bp 14.97 +0.20 % +17.41 % 19 Apr
20 years 14.498% -1.4 bp -132.5 bp 6.67 +0.30 % +25.85 % 19 Apr
Last Update: 19 Apr 2024 14:15 GMT+0

Pakistan 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 (22.00%)
5 years
10 years 14.639% -736.1 bp
5 years 15.866%
-613.4 bp

Pakistan 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 Pakistan Credit Ratings History

Rating Agency Rating Outlook
Standard & Poor's CCC+ -
Moody's Investors Service Caa3 -
Fitch Ratings CCC -
DBRS - -

Pakistan 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 22.00%

Pakistan 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 505.92 +4.74 % +9.47 % +12.08 % 8.43 %
(*) Implied probability of default, calculated on the hypothesis of a 40% recovery rate.

Pakistan 10Y Bond Yield Spread

The Pakistan 10Y Government Bond has a 14.639% 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
Pakistan 10Y vs Current Spread Chg 1M Chg 6M Compare
Countries
vs Japan 10Y 1379.6 bp -14.4 bp -182.6 bp
vs China 10Y 1237.3 bp +0.1 bp -134.0 bp
vs Germany 10Y 1213.2 bp -8.4 bp -139.9 bp
vs France 10Y 1163.3 bp -13.9 bp -127.8 bp
vs Spain 10Y 1132.1 bp -10.1 bp -109.3 bp
vs Canada 10Y 1086.5 bp -24.7 bp -136.8 bp
vs Italy 10Y 1072.7 bp -23.4 bp -75.4 bp
vs United Kingdom 10Y 1037.1 bp -24.0 bp -136.1 bp
vs Australia 10Y 1029.2 bp -27.8 bp -138.0 bp
vs United States 10Y 1001.6 bp -35.6 bp -145.9 bp
vs India 10Y 741.4 bp -15.6 bp -168.3 bp
vs Brazil 10Y 313.1 bp -59.9 bp -153.5 bp
vs Russia 10Y 55.9 bp -30.6 bp -354.7 bp

Pakistan 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%
20 years 14.498% 6.67 13.11 25.98 38.86 51.73 64.61
14 years 14.526% 14.97 20.83 32.53 44.24 55.95 67.65
10 years 14.639% 25.51 30.60 40.77 50.95 61.13 71.31
5 years 15.866% 47.89 51.17 57.74 64.31 70.88 77.45
3 years 17.403% 61.80 63.99 68.38 72.77 77.16 81.55
Maturity Date 100.00 100.00 100.00 100.00 100.00 100.00

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