COUNTRY •
GERMANY
Last Update: 4 Dec 2022 0:15 GMT+0
The Germany 10Y Government Bond has a 1.823% yield.
10 Years vs 2 Years bond spread is -26.8 bp. Yield Curve is inverted in Long-Term vs Short-Term Maturities.
Central Bank Rate is 2.00% (last modification in October 2022).
The Germany credit rating is AAA, according to Standard & Poor's agency.
Current 5-Years Credit Default Swap quotation is 7.58 and implied probability of default is 0.13%.
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 | 1.088% | +29.8 bp | +175.2 bp | 04 Dec | |||||
| 3 months | 1.604% | +48.3 bp | +210.3 bp | 04 Dec | |||||
| 6 months | 1.902% | +21.2 bp | +213.8 bp | 04 Dec | |||||
| 9 months | 2.070% | +5.5 bp | +203.0 bp | 04 Dec | |||||
| 1 year | 2.115% | -13.7 bp | +200.8 bp | 97.93 | +0.13 % | -1.96 % | 04 Dec | ||
| 2 years | 2.091% | -2.3 bp | +143.8 bp | 95.95 | +0.05 % | -2.80 % | 04 Dec | ||
| 3 years | 1.938% | -10.7 bp | +121.5 bp | 94.40 | +0.31 % | -3.54 % | 04 Dec | ||
| 4 years | 1.881% | -17.3 bp | +103.8 bp | 92.82 | +0.68 % | -4.01 % | 04 Dec | ||
| 5 years | 1.825% | -33.1 bp | +81.3 bp | 91.35 | +1.64 % | -3.93 % | 04 Dec | ||
| 6 years | 1.822% | -31.7 bp | +76.4 bp | 89.73 | +1.88 % | -4.42 % | 04 Dec | ||
| 7 years | 1.838% | -32.7 bp | +74.1 bp | 88.03 | +2.27 % | -4.99 % | 04 Dec | ||
| 8 years | 1.763% | -42.3 bp | +63.3 bp | 86.95 | +3.38 % | -4.87 % | 04 Dec | ||
| 9 years | 1.772% | -42.9 bp | +59.0 bp | 85.38 | +3.86 % | -5.09 % | 04 Dec | ||
| 10 years | 1.823% | -47.1 bp | +55.8 bp | 83.47 | +4.72 % | -5.35 % | 04 Dec | ||
| 15 years | 1.870% | -55.1 bp | +38.0 bp | 75.74 | +8.43 % | -5.44 % | 04 Dec | ||
| 20 years | 1.813% | -56.7 bp | +34.9 bp | 69.82 | +11.73 % | -6.63 % | 04 Dec | ||
| 25 years | 1.695% | -62.0 bp | +27.4 bp | 65.69 | +16.41 % | -6.53 % | 04 Dec | ||
| 30 years | 1.592% | -61.9 bp | +7.7 bp | 62.26 | +19.98 % | -2.25 % | 04 Dec | ||
Last Update: 4 Dec 2022 0:15 GMT+0
Germany Yield Curve 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).
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 (2.00%) |
|||||
|---|---|---|---|---|---|---|---|---|
| 3 months | 1 year | 2 years | 5 years | 10 years | ||||
| 30 years | 1.592% | -40.8 bp | ||||||
| 10 years | 1.823% | -17.7 bp | ||||||
| 5 years | 1.825% | -17.5 bp | ||||||
| 2 years | 2.091% | 9.1 bp | ||||||
| 1 year | 2.115% | 11.5 bp | ||||||
| 3 months | 1.604% | -39.6 bp | ||||||
Focusing on 2 years Government Bond:
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| 2Y vs 1Y | -2.4 bp | Yield Curve is inverted in Short-Term Maturities | ||
| 5Y vs 2Y | -26.6 bp | Yield Curve is inverted in Mid-Term vs Short-Term Maturities | ||
| 10Y vs 2Y | -26.8 bp | Yield Curve is inverted in Long-Term vs Short-Term Maturities |
Readings that may interest you
Germany 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
Germany Credit Ratings History
| Rating Agency | Rating | Outlook |
|---|---|---|
| Standard & Poor's |
AAA
|
- |
| Moody's Investors Service |
Aaa
|
- |
| Fitch Ratings |
AAA
|
- |
| DBRS |
AAA
|
- |
Germany 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 | 2.00% |
Germany 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 | 7.58 | 0.00 % | -55.39 % | -13.82 % | 0.13 % |
(*) Implied probability of default, calculated on the hypothesis of a 40% recovery rate.
Germany 10Y Bond Yield Spread
The Germany 10Y Government Bond has a 1.823% yield. Click on Spread value for the historical serie.
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
| Germany 10Y vs | Current Spread | Chg 1M | Chg 6M | ||
|---|---|---|---|---|---|
| Japan 10Y | 157.2 bp | -47.5 bp | +54.2 bp | Compare | |
| France 10Y | -47.7 bp | +4.6 bp | +5.1 bp | Compare | |
| Canada 10Y | -95.6 bp | +28.2 bp | +84.9 bp | Compare | |
| Spain 10Y | -104.8 bp | +7.7 bp | +15.5 bp | Compare | |
| China 10Y | -108.0 bp | -66.6 bp | +46.3 bp | Compare | |
| United Kingdom 10Y | -131.9 bp | -7.5 bp | -43.0 bp | Compare | |
| Australia 10Y | -151.9 bp | +5.8 bp | +71.8 bp | Compare | |
| United States 10Y | -166.5 bp | +20.4 bp | +1.1 bp | Compare | |
| Italy 10Y | -194.3 bp | +22.3 bp | +20.3 bp | Compare | |
| India 10Y | -539.8 bp | -22.3 bp | +79.3 bp | Compare | |
| Russia 10Y | -829.7 bp | -66.1 bp | -49.2 bp | Compare | |
| Brazil 10Y | -1095.3 bp | -140.0 bp | +57.8 bp | Compare |
Germany 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 | 1.592% | 62.26 | 85.97 | 133.38 | 180.79 | 228.20 | 275.61 | ||
| 25 years | 1.695% | 65.69 | 85.93 | 126.41 | 166.89 | 207.37 | 247.86 | ||
| 20 years | 1.813% | 69.82 | 86.47 | 119.77 | 153.08 | 186.38 | 219.68 | ||
| 15 years | 1.870% | 75.74 | 88.71 | 114.66 | 140.61 | 166.56 | 192.51 | ||
| 10 years | 1.823% | 83.47 | 92.54 | 110.67 | 128.80 | 146.94 | 165.07 | ||
| 9 years | 1.772% | 85.38 | 93.63 | 110.13 | 126.64 | 143.14 | 159.64 | ||
| 8 years | 1.763% | 86.95 | 94.35 | 109.15 | 123.96 | 138.76 | 153.56 | ||
| 7 years | 1.838% | 88.03 | 94.54 | 107.57 | 120.59 | 133.62 | 146.64 | ||
| 6 years | 1.822% | 89.73 | 95.37 | 106.64 | 117.91 | 129.18 | 140.45 | ||
| 5 years | 1.825% | 91.35 | 96.09 | 105.57 | 115.04 | 124.52 | 133.99 | ||
| 4 years | 1.881% | 92.82 | 96.64 | 104.27 | 111.91 | 119.55 | 127.19 | ||
| 3 years | 1.938% | 94.40 | 97.29 | 103.07 | 108.84 | 114.61 | 120.39 | ||
| 2 years | 2.091% | 95.95 | 97.88 | 101.76 | 105.64 | 109.52 | 113.40 | ||
| 1 year | 2.115% | 97.93 | 98.91 | 100.87 | 102.83 | 104.78 | 106.74 | ||
| Maturity Date | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | |||