COUNTRY • SUMMARY
MEXICO
Last Update: 7 Mar 2024 6:15 GMT+0
The Mexico 10Y Government Bond has a 9.457% yield.
Central Bank Rate is 11.25% (last modification in March 2023).
The Mexico credit rating is BBB, according to Standard & Poor's agency.
Current 5-Years Credit Default Swap quotation is 85.16 and implied probability of default is 1.42%.
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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 | 11.637% | -11.8 bp | -24.2 bp | 06 Mar | |||||
| 3 months | 11.693% | -11.7 bp | -22.8 bp | 06 Mar | |||||
| 6 months | 11.569% | -9.4 bp | -28.7 bp | 06 Mar | |||||
| 9 months | 11.387% | -13.7 bp | -32.6 bp | 06 Mar | |||||
| 1 year | 11.172% | -12.9 bp | -37.8 bp | 89.95 | +0.11 % | +0.33 % | 06 Mar | ||
| 3 years | 10.039% | -20.4 bp | -51.8 bp | 75.05 | +0.55 % | +1.42 % | 07 Mar | ||
| 5 years | 9.735% | -22.3 bp | -52.4 bp | 62.85 | +1.03 % | +2.41 % | 07 Mar | ||
| 7 years | 9.495% | -10.9 bp | -43.0 bp | 53.00 | +0.70 % | +2.79 % | 07 Mar | ||
| 10 years | 9.457% | -17.7 bp | -45.8 bp | 40.51 | +1.63 % | +4.27 % | 07 Mar | ||
| 15 years | 9.488% | -25.5 bp | -46.2 bp | 25.67 | +3.55 % | +6.51 % | 07 Mar | ||
| 20 years | 9.559% | -23.5 bp | -38.0 bp | 16.11 | +4.41 % | +7.19 % | 07 Mar | ||
| 30 years | 9.552% | -23.3 bp | -33.5 bp | 6.48 | +6.58 % | +9.64 % | 07 Mar | ||
| Last Update: 7 Mar 2024 6:15 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).
If data are not all visible, swipe table left
| Residual Maturity | Yield | Spread vs Bond | Spread vs Central Bank Rate (11.25%) | ||||
|---|---|---|---|---|---|---|---|
| 3 months | 1 year | 5 years | 10 years | ||||
| 30 years | 9.552% | -214.1 bp | -162.0 bp | -18.3 bp | 9.5 bp | -169.8 bp | |
| 10 years | 9.457% | -223.6 bp | -171.5 bp | -27.8 bp | -179.3 bp | ||
| 5 years | 9.735% | -195.8 bp | -143.7 bp | -151.5 bp | |||
| 1 year | 11.172% | -52.1 bp | -7.8 bp | ||||
| 3 months | 11.693% | 44.3 bp | |||||
Readings that may interest you
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 | 11.25% |
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 | 85.16 | -2.24 % | -5.46 % | -25.86 % | 1.42 % | |
| (*) Implied probability of default, calculated on the hypothesis of a 40% recovery rate. |
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Mexico 10Y Bond Yield Spread
The Mexico 10Y Government Bond has a 9.457% 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 | 872.6 bp | -20.0 bp | -54.3 bp | ||
| vs China 10Y | 715.7 bp | -2.9 bp | -7.2 bp | ||
| vs Germany 10Y | 714.6 bp | -16.9 bp | -15.7 bp | ||
| vs France 10Y | 669.9 bp | -10.2 bp | -8.0 bp | ||
| vs Spain 10Y | 633.2 bp | -6.5 bp | +6.5 bp | ||
| vs Canada 10Y | 608.2 bp | -4.8 bp | -15.5 bp | ||
| vs Italy 10Y | 583.6 bp | +8.5 bp | +26.4 bp | ||
| vs Australia 10Y | 544.4 bp | -5.7 bp | -34.7 bp | ||
| vs United Kingdom 10Y | 541.6 bp | -18.7 bp | +2.5 bp | ||
| vs United States 10Y | 535.1 bp | -16.5 bp | -30.5 bp | ||
| vs India 10Y | 242.4 bp | -13.6 bp | -31.8 bp | ||
| vs Brazil 10Y | -119.4 bp | -26.7 bp | +23.3 bp | ||
| vs Russia 10Y | -380.8 bp | -107.2 bp | -127.3 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 | 9.552% | 6.48 | 16.27 | 35.85 | 55.43 | 75.01 | 94.60 | ||
| 20 years | 9.559% | 16.11 | 24.88 | 42.44 | 59.99 | 77.54 | 95.09 | ||
| 15 years | 9.488% | 25.67 | 33.51 | 49.18 | 64.84 | 80.51 | 96.18 | ||
| 10 years | 9.457% | 40.51 | 46.80 | 59.38 | 71.96 | 84.54 | 97.13 | ||
| 7 years | 9.495% | 53.00 | 57.95 | 67.85 | 77.75 | 87.65 | 97.55 | ||
| 5 years | 9.735% | 62.85 | 66.66 | 74.30 | 81.93 | 89.56 | 97.19 | ||
| 3 years | 10.039% | 75.05 | 77.54 | 82.51 | 87.48 | 92.45 | 97.42 | ||
| 1 year | 11.172% | 89.95 | 90.85 | 92.65 | 94.45 | 96.25 | 98.05 | ||
| Maturity Date | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | |||
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