---
title: Report July 2003, Introducing the Yield Curve as a Tool in Credit Risk Analysis
date: 2003-07-01T13:49:54Z
modified: 2026-06-02T13:55:06Z
permalink: "https://riscura.com/insights/articles/presspress-roomreport-july-2003-introducing-yield-curve-tool-credit-risk-analysis/"
type: post
status: publish
excerpt: ""
wpid: 2800
categories:
  - Articles
author:
  - RisCura
timestamp: 2026-06-02T13:55:06Z
tags:
  - Articles
  - RisCura
---

We generate a yield curve that approximates the risk-free yield curve. Since government bonds are considered virtually default-free, the GOVI benchmark bonds (a selection of the most liquid fixed rate government bonds) form a term structure of nearly risk-free interest rates. Using this term structure, a smooth continuous yield curve is fitted relating an approximated risk-free interest rate to any bond duration term.