Zambia Government Bonds - Yields Curve

COUNTRY • SUMMARY
ZAMBIA
Last Update: 19 May 2024 8:15 GMT+0

The Zambia 10Y Government Bond has a 25.060% yield.

10 Years vs 2 Years bond spread is 1256 bp.
Normal Convexity in Long-Term vs Short-Term Maturities.

Central Bank Rate is 13.50% (last modification in May 2024).

The Zambia credit rating is SD, according to Standard & Poor's agency.

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Zambia Yield Curve

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Residual
Maturity
Yield ZC Price Last
Change
Last Chg 1M Chg 6M Last Chg 1M Chg 6M
6 months 12.501% 0.0 bp +3.5 bp 17 May
9 months 13.301% 0.0 bp +38.4 bp 17 May
1 year 17.501% -100.0 bp +238.2 bp 85.11 +0.85 % -2.03 % 17 May
2 years 12.500% 0.0 bp -184.4 bp 79.01 0.00 % +3.31 % 17 May
3 years 18.557% -3.8 bp -5.2 bp 60.01 +0.10 % +0.13 % 17 May
5 years 22.080% -5.8 bp -107.1 bp 36.88 +0.24 % +4.48 % 17 May
7 years 23.632% -3.8 bp -63.0 bp 22.65 +0.22 % +3.61 % 17 May
10 years 25.060% -3.0 bp -98.0 bp 10.69 +0.28 % +8.20 % 19 May
15 years 26.980% -2.4 bp -27.3 bp 2.78 +0.36 % +3.35 % 17 May
Last Update: 19 May 2024 8:15 GMT+0

Zambia 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 (13.50%)
1 year 2 years 5 years
10 years 25.060% 1156.0 bp
5 years 22.080%
858.0 bp
2 years 12.500%
-100.0 bp
1 year 17.501%
400.1 bp

Focusing on 2 years Government Bond:

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2Y vs 1Y -500.1 bp Yield Curve is inverted in Short-Term Maturities
5Y vs 2Y 958 bp Normal Convexity in Mid-Term vs Short-Term Maturities
10Y vs 2Y 1256 bp Normal Convexity in Long-Term vs Short-Term Maturities

Zambia 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 Zambia Credit Ratings History

Rating Agency Rating Outlook
Standard & Poor's SD -
Moody's Investors Service Ca -
Fitch Ratings RD -
DBRS - -

Zambia 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 13.50%

Zambia 10Y Bond Yield Spread

The Zambia 10Y Government Bond has a 25.060% 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
Zambia 10Y vs Current Spread Chg 1M Chg 6M Compare
Countries
vs Japan 10Y 2411.2 bp -13.5 bp -119.4 bp
vs China 10Y 2273.7 bp -8.7 bp -62.9 bp
vs Germany 10Y 2254.0 bp -4.7 bp -91.4 bp
vs France 10Y 2204.6 bp -2.5 bp -84.1 bp
vs Spain 10Y 2177.9 bp +0.6 bp -66.9 bp
vs Canada 10Y 2140.5 bp +8.2 bp -92.1 bp
vs Italy 10Y 2123.0 bp +4.9 bp -45.0 bp
vs United Kingdom 10Y 2094.1 bp +8.2 bp -100.4 bp
vs Australia 10Y 2076.6 bp +2.4 bp -80.3 bp
vs United States 10Y 2063.8 bp +17.1 bp -96.3 bp
vs India 10Y 1796.5 bp +10.0 bp -86.3 bp
vs Brazil 10Y 1341.3 bp -26.9 bp -162.5 bp
vs Russia 10Y 1006.0 bp -107.0 bp -396.0 bp

Zambia 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%
15 years 26.980% 2.78 6.38 13.59 20.80 28.00 35.21
10 years 25.060% 10.69 14.25 21.38 28.51 35.63 42.76
7 years 23.632% 22.65 25.92 32.47 39.02 45.56 52.11
5 years 22.080% 36.88 39.74 45.46 51.17 56.89 62.61
3 years 18.557% 60.01 62.16 66.47 70.78 75.09 79.40
2 years 12.500% 79.01 80.69 84.05 87.41 90.77 94.12
1 year 17.501% 85.11 85.96 87.66 89.36 91.06 92.77
Maturity Date 100.00 100.00 100.00 100.00 100.00 100.00

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