The South Africa 10Y Government Bond has a 9.980% yield.
Central Bank Rate is 8.25% (last modification in May 2023).
The South Africa credit rating is BB-, according to Standard & Poor's agency.
Current 5-Years Credit Default Swap quotation is 235.40 and implied probability of default is 3.92%.
South Africa Yield Curve
| Residual Maturity |
Yield | ZC Price | Last Change |
||||||
|---|---|---|---|---|---|---|---|---|---|
| Last | Chg 1M | Chg 6M | Last | Chg 1M | Chg 6M | ||||
| 3 months | 8.600% | +70.0 bp | -55.0 bp | 02 Dec | |||||
| 5 years | 8.780% | -21.0 bp | -97.5 bp | 65.65 | +0.97 % | +4.55 % | 01 Dec | ||
| 10 years | 9.980% | -31.5 bp | -127.0 bp | 38.62 | +2.88 % | +12.17 % | 01 Dec | ||
| 12 years | 10.855% | -35.0 bp | -99.5 bp | 29.04 | +3.86 % | +11.35 % | 01 Dec | ||
| 20 years | 12.185% | -19.5 bp | -53.5 bp | 10.03 | +3.51 % | +9.98 % | 01 Dec | ||
| 25 years | 12.255% | -20.0 bp | -49.0 bp | 5.56 | +4.51 % | +11.65 % | 01 Dec | ||
| 30 years | 12.160% | -20.5 bp | -52.0 bp | 3.20 | +5.61 % | +15.11 % | 01 Dec | ||
| Last Update: 3 Dec 2023 0:15 GMT+0 | |||||||||
South Africa 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 (8.25%) |
|||
|---|---|---|---|---|---|---|
| 3 months | 5 years | 10 years | ||||
| 30 years | 12.160% | 391.0 bp | ||||
| 10 years | 9.980% | 173.0 bp | ||||
| 5 years | 8.780% | 53.0 bp | ||||
| 3 months | 8.600% | 35.0 bp | ||||
South Africa 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 South Africa Credit Ratings History
| Rating Agency | Rating | Outlook |
|---|---|---|
| Standard & Poor's | BB- | - |
| Moody's Investors Service | Ba2 | - |
| Fitch Ratings | BB- | - |
| DBRS | - | - |
South Africa 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 | 8.25% |
South Africa 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 | 235.40 | -1.93 % | -11.69 % | -10.74 % | 3.92 % | |
| (*) Implied probability of default, calculated on the hypothesis of a 40% recovery rate. |
South Africa 10Y Bond Yield Spread
The South Africa 10Y Government Bond has a 9.980% 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.
| South Africa 10Y vs | Current Spread | Chg 1M | Chg 6M | Compare Countries |
|
|---|---|---|---|---|---|
| vs Japan 10Y | 927.4 bp | -10.6 bp | -156.6 bp | ||
| vs Germany 10Y | 762.1 bp | -1.7 bp | -130.1 bp | ||
| vs China 10Y | 728.2 bp | -33.5 bp | -123.4 bp | ||
| vs France 10Y | 705.9 bp | +0.4 bp | -132.4 bp | ||
| vs Spain 10Y | 662.7 bp | +2.6 bp | -130.4 bp | ||
| vs Canada 10Y | 653.1 bp | +1.3 bp | -146.6 bp | ||
| vs Italy 10Y | 589.0 bp | +3.7 bp | -138.0 bp | ||
| vs United Kingdom 10Y | 584.0 bp | -12.6 bp | -125.7 bp | ||
| vs United States 10Y | 577.1 bp | +5.2 bp | -178.1 bp | ||
| vs Australia 10Y | 558.3 bp | -3.3 bp | -193.0 bp | ||
| vs India 10Y | 269.0 bp | -28.8 bp | -157.6 bp | ||
| vs Brazil 10Y | -83.2 bp | +40.6 bp | -70.5 bp | ||
| vs Russia 10Y | -223.0 bp | -45.5 bp | -271.0 bp |
South Africa 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% | ||||
| 30 years | 12.160% | 3.20 | 11.16 | 27.08 | 43.00 | 58.92 | 74.84 | ||
| 25 years | 12.255% | 5.56 | 13.26 | 28.68 | 44.09 | 59.50 | 74.92 | ||
| 20 years | 12.185% | 10.03 | 17.41 | 32.18 | 46.95 | 61.72 | 76.48 | ||
| 12 years | 10.855% | 29.04 | 35.57 | 48.65 | 61.72 | 74.80 | 87.87 | ||
| 10 years | 9.980% | 38.62 | 44.77 | 57.07 | 69.37 | 81.67 | 93.97 | ||
| 5 years | 8.780% | 65.65 | 69.56 | 77.39 | 85.21 | 93.04 | 100.86 | ||
| Maturity Date | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | |||
