The Pakistan 10Y Government Bond has a 15.637% 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%.
Pakistan Yield Curve
| Residual Maturity |
Yield | ZC Price | Last Change |
||||||
|---|---|---|---|---|---|---|---|---|---|
| Last | Chg 1M | Chg 6M | Last | Chg 1M | Chg 6M | ||||
| 3 years | 18.411% | -99.3 bp | -156.6 bp | 60.23 | +2.54 % | +4.02 % | 28 Nov | ||
| 5 years | 16.504% | +46.9 bp | +91.9 bp | 46.59 | -2.00 % | -3.88 % | 28 Nov | ||
| 10 years | 15.637% | -8.6 bp | +4.8 bp | 23.39 | +0.73 % | -0.43 % | 28 Nov | ||
| 14 years | 15.281% | -29.2 bp | -36.3 bp | 13.66 | +3.64 % | +4.51 % | 28 Nov | ||
| 20 years | 15.264% | -29.5 bp | -37.7 bp | 5.84 | +5.23 % | +6.76 % | 28 Nov | ||
| Last Update: 28 Nov 2023 15:15 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).
| Residual Maturity |
Yield | Spread vs Bond | Spread vs Central Bank Rate (22.00%) |
|
|---|---|---|---|---|
| 5 years | ||||
| 10 years | 15.637% | -636.3 bp | ||
| 5 years | 16.504% | -549.6 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.
| 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 15.637% yield.
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.
| Pakistan 10Y vs | Current Spread | Chg 1M | Chg 6M | Compare Countries |
|
|---|---|---|---|---|---|
| vs Japan 10Y | 1488.4 bp | +3.5 bp | -29.0 bp | ||
| vs Germany 10Y | 1313.2 bp | +22.3 bp | +7.8 bp | ||
| vs China 10Y | 1293.2 bp | -5.6 bp | +7.7 bp | ||
| vs France 10Y | 1256.5 bp | +28.2 bp | +7.5 bp | ||
| vs Spain 10Y | 1212.8 bp | +31.4 bp | +11.5 bp | ||
| vs Canada 10Y | 1198.9 bp | +28.4 bp | -24.1 bp | ||
| vs United Kingdom 10Y | 1141.5 bp | +25.4 bp | +15.4 bp | ||
| vs Italy 10Y | 1137.2 bp | +48.8 bp | +15.2 bp | ||
| vs United States 10Y | 1127.2 bp | +39.4 bp | -50.5 bp | ||
| vs Australia 10Y | 1117.2 bp | +26.6 bp | -69.3 bp | ||
| vs India 10Y | 836.4 bp | -0.8 bp | -22.2 bp | ||
| vs Brazil 10Y | 466.5 bp | +66.3 bp | +69.2 bp | ||
| vs Russia 10Y | 356.7 bp | +33.4 bp | -132.2 bp |
Pakistan Government Bonds Prices
Price Simulation: bonds with a face value of 100, with different coupon rates.
Click on for a forecast of the yield.
| Residual Maturity |
Yield | Bond Price - with different Coupon Rates | Fx | ||||||
|---|---|---|---|---|---|---|---|---|---|
| 0% | 1% | 3% | 5% | 7% | 9% | ||||
| 20 years | 15.264% | 5.84 | 12.01 | 24.34 | 36.68 | 49.02 | 61.36 | ||
| 14 years | 15.281% | 13.66 | 19.31 | 30.61 | 41.91 | 53.21 | 64.51 | ||
| 10 years | 15.637% | 23.39 | 28.29 | 38.09 | 47.89 | 57.68 | 67.48 | ||
| 5 years | 16.504% | 46.59 | 49.83 | 56.30 | 62.77 | 69.24 | 75.72 | ||
| 3 years | 18.411% | 60.23 | 62.39 | 66.71 | 71.03 | 75.35 | 79.67 | ||
| Maturity Date | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | |||
