The South Africa 10Y Government Bond has a 10.110% 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 226.01 and implied probability of default is 3.77%.
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South Africa 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 months | 8.350% | -15.0 bp | -35.0 bp | 09 Mar | |||||
| 5 years | 8.955% | +15.0 bp | -5.5 bp | 65.13 | -0.69 % | +0.26 % | 08 Mar | ||
| 10 years | 10.110% | +17.0 bp | -26.5 bp | 38.17 | -1.55 % | +2.44 % | 08 Mar | ||
| 12 years | 10.950% | +17.0 bp | -31.5 bp | 28.74 | -1.81 % | +3.46 % | 08 Mar | ||
| 20 years | 12.490% | +14.0 bp | -7.5 bp | 9.50 | -2.46 % | +1.39 % | 08 Mar | ||
| 25 years | 12.600% | +13.5 bp | -5.5 bp | 5.15 | -2.83 % | +1.38 % | 08 Mar | ||
| 30 years | 12.520% | +13.5 bp | -5.0 bp | 2.90 | -3.65 % | +1.05 % | 08 Mar | ||
| Last Update: 9 Mar 2024 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).
If data are not all visible, swipe table left
| Residual Maturity | Yield | Spread vs Bond | Spread vs Central Bank Rate (8.25%) | |||
|---|---|---|---|---|---|---|
| 3 months | 5 years | 10 years | ||||
| 30 years | 12.520% | 417.0 bp | 356.5 bp | 241.0 bp | 427.0 bp | |
| 10 years | 10.110% | 176.0 bp | 115.5 bp | 186.0 bp | ||
| 5 years | 8.955% | 60.5 bp | 70.5 bp | |||
| 3 months | 8.350% | 10.0 bp | ||||
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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.
If data are not all visible, swipe table left
| Credit Default Swap | CDS Value | Var % 1W | Var % 1M | Var % 1Y | Implied PD(*) | |
|---|---|---|---|---|---|---|
| 5 Years CDS | 226.01 | -1.26 % | -0.14 % | -8.03 % | 3.77 % | |
| (*) Implied probability of default, calculated on the hypothesis of a 40% recovery rate. |
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South Africa 10Y Bond Yield Spread
The South Africa 10Y Government Bond has a 10.110% 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
| South Africa 10Y vs | Current Spread | Chg 1M | Chg 6M | Compare Countries | |
|---|---|---|---|---|---|
| vs Japan 10Y | 938.2 bp | +16.2 bp | -35.2 bp | ||
| vs Germany 10Y | 783.8 bp | +27.3 bp | +7.4 bp | ||
| vs China 10Y | 780.4 bp | +31.1 bp | +11.1 bp | ||
| vs France 10Y | 738.5 bp | +33.8 bp | +15.3 bp | ||
| vs Spain 10Y | 702.3 bp | +43.4 bp | +29.2 bp | ||
| vs Canada 10Y | 675.5 bp | +38.5 bp | +8.9 bp | ||
| vs Italy 10Y | 653.2 bp | +55.0 bp | +50.4 bp | ||
| vs United Kingdom 10Y | 614.3 bp | +26.7 bp | +19.1 bp | ||
| vs Australia 10Y | 611.0 bp | +33.7 bp | -14.4 bp | ||
| vs United States 10Y | 603.3 bp | +27.2 bp | -8.2 bp | ||
| vs India 10Y | 307.9 bp | +25.3 bp | -9.7 bp | ||
| vs Brazil 10Y | -65.0 bp | +18.0 bp | +30.7 bp | ||
| vs Russia 10Y | -313.0 bp | -58.0 bp | -89.5 bp |
South Africa 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 | 12.520% | 2.90 | 10.66 | 26.17 | 41.68 | 57.19 | 72.70 | ||
| 25 years | 12.600% | 5.15 | 12.67 | 27.73 | 42.79 | 57.84 | 72.90 | ||
| 20 years | 12.490% | 9.50 | 16.75 | 31.24 | 45.73 | 60.22 | 74.71 | ||
| 12 years | 10.950% | 28.74 | 35.25 | 48.26 | 61.28 | 74.29 | 87.31 | ||
| 10 years | 10.110% | 38.17 | 44.29 | 56.52 | 68.75 | 80.98 | 93.21 | ||
| 5 years | 8.955% | 65.13 | 69.02 | 76.81 | 84.60 | 92.39 | 100.18 | ||
| Maturity Date | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | |||
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