Qatar Government Bonds - Yields Curve

COUNTRY • SUMMARY
QATAR

The Qatar 10-Year Government Bond has an estimated 4.890% yield. Its value is not derived from the market, but it's calculated according to the yields of other available durations. Government bond yields are critical indicators of economic confidence and investor sentiment.

Qatar Central Bank Rate stands at 5.40%, following the most recent adjustment in November 2024.

According to Standard & Poor's agency, the Qatar credit rating is AA.

The current quotation for Qatar 5-Years Credit Default Swap is 65.00 basis points. Correspondingly, the implied probability of default is 1.08%.

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Qatar Yield Curve

A Yield Curve is a graph that shows the relationship between interest rates (or yields) and different maturities of debt for a specific borrower, often government bonds. It typically plots yields on the y-axis and maturities on the x-axis, ranging from short-term to long-term bonds.

The shape of the yield curve gives investors insights into market expectations for interest rates, economic growth, and inflation. A normal yield curve, where long-term rates are higher than short-term, suggests economic growth, while an inverted curve, where short-term rates are higher, can indicate an upcoming recession.

Qatar Yield Curve
Qatar Government Bonds
21 November 2024

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Residual
Maturity
Annualized Yield Constant Maturity Zero Coupon Price Capital
Growth
of 1 Unit
Last
Update
Last Chg 1M Chg 6M Chg 12M Last Chg 1M Chg 6M Chg 12M
1 year 5.009% +6.2 bp -45.3 bp n.a. 95.23 -0.06 % +0.43 % n.a. 1.050 20 Nov
2 years 5.345% 90.11 1.109 26 Jan
5 years 4.594% +24.7 bp -25.6 bp -24.7 bp 79.89 -1.18 % +1.24 % +1.19 % 1.251 20 Nov
6 years 4.726% +38.1 bp -12.9 bp n.a. 75.80 -2.17 % +0.74 % n.a. 1.319 20 Nov
7 years 4.095% 75.51 1.324 27 Jan
20 years 5.301% +19.6 bp -6.2 bp n.a. 35.59 -3.65 % +1.17 % n.a. 2.809 20 Nov
30 years 5.456% +19.7 bp +5.3 bp -29.8 bp 20.32 -5.44 % -1.50 % +8.84 % 4.921 20 Nov
Last Update: 21 Nov 2024, 0:15 GMT+0

Qatar Yield History

This table presents the historical values of the yield curve, with data points collected at the end of each year.

By analyzing these values over time, one can observe trends and shifts in economic sentiment and monetary policy that impact investor expectations about future interest rates and economic growth.

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Government Bonds Yield (%)
Spread (bp)
Period 1M 3M 6M 1Y 2Y 3Y 5Y 7Y 10Y 30Y 10Y - 2Y
Nov 2024 n.a. n.a. n.a. 5.009 n.a. n.a. 4.594 n.a. n.a. 5.456 n.a.
Dec 2023 n.a. n.a. n.a. 5.549 5.032 n.a. 4.216 n.a. n.a. 4.993 n.a.
Dec 2022 n.a. n.a. n.a. n.a. 5.269 5.265 4.884 n.a. 4.280 5.043 -98.9
Dec 2021 n.a. n.a. n.a. n.a. 0.869 1.211 1.505 n.a. 2.161 3.111 129.2
Dec 2020 n.a. n.a. n.a. n.a. n.a. 0.607 0.918 1.734 1.680 2.871 n.a.
Dec 2019 n.a. n.a. n.a. n.a. n.a. 2.053 2.212 2.378 2.575 3.560 n.a.
Dec 2018 n.a. n.a. n.a. n.a. n.a. n.a. 3.538 n.a. 3.894 4.761 n.a.
Dec 2017 n.a. n.a. n.a. n.a. n.a. n.a. 2.955 n.a. 3.605 4.384 n.a.
Dec 2016 n.a. n.a. n.a. n.a. n.a. n.a. 2.931 n.a. 3.690 4.623 n.a.

Qatar 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 Spread vs
Central Bank
Rate (5.40%)
1 year 5 years
30 years 5.456% 5.6bp
5 years 4.594%
-80.6bp
1 year 5.009%
-39.1bp

Qatar 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).

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Rating Agency Rating Outlook Last Update Action
Standard & Poor's AA - 7 Nov 2022 rating upgrade
Moody's Investors Service Aa2 - 26 Jan 2024 rating upgrade
Fitch Ratings AA - 20 Mar 2024 rating upgrade
DBRS - -

Qatar 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 5.40%

Qatar 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 65.00 -4.41 % -5.11 % -32.99 % 1.08 %
(*) Implied probability of default, calculated on the hypothesis of a 40% recovery rate.
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Qatar 10Y Bond Yield Spread

The Qatar 10Y Government Bond has an estimated 4.890% 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 "Compare" button, for a report with the full comparison between the two countries, with all the available data.
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Qatar 10Y vs Current Spread Chg 1M Chg 6M Chg 12M Compare
Countries
vs Japan 10Y 381.8 bp +21.6 bp -21.4 bp +48.6 bp
vs China 10Y 280.2 bp +36.4 bp +12.5 bp +145.2 bp
vs Germany 10Y 253.7 bp +26.4 bp +4.5 bp +108.1 bp
vs Spain 10Y 181.4 bp +27.1 bp +8.8 bp +135.4 bp
vs France 10Y 178.4 bp +25.0 bp -22.0 bp +88.8 bp
vs Canada 10Y 150.5 bp +19.9 bp +11.0 bp +115.7 bp
vs Italy 10Y 131.2 bp +27.0 bp +11.5 bp +162.1 bp
vs United States 10Y 48.9 bp +12.1 bp -9.6 bp +86.5 bp
vs United Kingdom 10Y 42.6 bp -0.2 bp -44.2 bp +53.2 bp
vs Australia 10Y 26.3 bp +7.6 bp -44.5 bp +68.3 bp
vs India 10Y -204.9 bp +33.9 bp +2.9 bp +119.0 bp
vs Brazil 10Y -798.2 bp +21.7 bp -135.5 bp -90.4 bp
vs Russia 10Y -1124.7 bp +48.5 bp -209.7 bp -323.7 bp

Qatar 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.
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Residual
Maturity
Yield Bond Price - with different Coupon Rates Fx
0% 1% 3% 5% 7% 9%
30 years 5.456% 20.32 34.92 64.13 93.34 122.55 151.76
20 years 5.301% 35.59 47.74 72.04 96.34 120.64 144.94
6 years 4.726% 75.80 80.92 91.16 101.40 111.64 121.88
5 years 4.594% 79.89 84.26 93.02 101.78 110.53 119.29
1 year 5.009% 95.23 96.18 98.09 99.99 101.90 103.80
Maturity Date 100.00 100.00 100.00 100.00 100.00 100.00
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