COUNTRY •
GERMANY
Last Update: 5 Jul 2022 2:15 GMT+0
The Germany 10Y Government Bond has a 1.327% yield.
10 Years vs 2 Years bond spread is 71.1 bp. Normal Convexity in Long-Term vs Short-Term Maturities.
Central Bank Rate is 0.00% (last modification in March 2016).
The Germany credit rating is AAA, according to Standard & Poor's agency.
Current 5-Years Credit Default Swap quotation is 12.50 and implied probability of default is 0.21%.
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 | -0.725% | -6.1 bp | n.a. | 05 Jul | |||||
| 3 months | -0.475% | +2.4 bp | +18.8 bp | 05 Jul | |||||
| 6 months | -0.086% | +15.0 bp | +56.9 bp | 05 Jul | |||||
| 9 months | 0.123% | +8.3 bp | +81.2 bp | 05 Jul | |||||
| 1 year | 0.450% | +34.3 bp | +111.3 bp | 99.55 | -0.34 % | -1.11 % | 05 Jul | ||
| 2 years | 0.616% | -3.7 bp | +123.5 bp | 98.78 | +0.07 % | -2.44 % | 05 Jul | ||
| 3 years | 0.690% | -3.3 bp | +133.3 bp | 97.96 | +0.10 % | -3.91 % | 05 Jul | ||
| 4 years | 0.811% | -3.2 bp | +132.7 bp | 96.82 | +0.12 % | -5.16 % | 05 Jul | ||
| 5 years | 1.034% | +2.2 bp | +145.6 bp | 94.99 | -0.11 % | -7.00 % | 05 Jul | ||
| 6 years | 1.051% | -0.7 bp | +143.9 bp | 93.92 | +0.04 % | -8.25 % | 05 Jul | ||
| 7 years | 1.107% | +1.0 bp | +141.8 bp | 92.58 | -0.08 % | -9.41 % | 05 Jul | ||
| 8 years | 1.159% | +2.9 bp | +142.3 bp | 91.19 | -0.23 % | -10.72 % | 05 Jul | ||
| 9 years | 1.238% | +5.6 bp | +144.2 bp | 89.52 | -0.49 % | -12.11 % | 05 Jul | ||
| 10 years | 1.327% | +6.2 bp | +144.4 bp | 87.65 | -0.61 % | -13.37 % | 05 Jul | ||
| 15 years | 1.594% | +10.4 bp | +151.3 bp | 78.88 | -1.52 % | -20.15 % | 05 Jul | ||
| 20 years | 1.597% | +13.3 bp | +159.1 bp | 72.84 | -2.59 % | -27.07 % | 05 Jul | ||
| 25 years | 1.594% | +17.3 bp | +145.9 bp | 67.35 | -4.17 % | -30.34 % | 05 Jul | ||
| 30 years | 1.635% | +12.0 bp | +137.4 bp | 61.48 | -3.47 % | -33.52 % | 05 Jul | ||
Last Update: 5 Jul 2022 2:15 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 (0.00%) |
|||||
|---|---|---|---|---|---|---|---|---|
| 3 months | 1 year | 2 years | 5 years | 10 years | ||||
| 30 years | 1.635% | 163.5 bp | ||||||
| 10 years | 1.327% | 132.7 bp | ||||||
| 5 years | 1.034% | 103.4 bp | ||||||
| 2 years | 0.616% | 61.6 bp | ||||||
| 1 year | 0.450% | 45.0 bp | ||||||
| 3 months | -0.475% | -47.5 bp | ||||||
Focusing on 2 years Government Bond:
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| 2Y vs 1Y | 16.6 bp | Normal Convexity in Short-Term Maturities | ||
| 5Y vs 2Y | 41.8 bp | Normal Convexity in Mid-Term vs Short-Term Maturities | ||
| 10Y vs 2Y | 71.1 bp | Normal Convexity 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 | 0.00% |
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 | 12.50 | -4.58 % | +14.68 % | +22.55 % | 0.21 % |
(*) 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 1.327% 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.
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| Germany 10Y vs | Current Spread | Chg 1M | Chg 6M | ||
|---|---|---|---|---|---|
| Japan 10Y | 110.7 bp | +7.7 bp | +130.7 bp | Compare | |
| France 10Y | -59.0 bp | -6.2 bp | -23.1 bp | Compare | |
| United Kingdom 10Y | -87.6 bp | +0.4 bp | +33.5 bp | Compare | |
| Spain 10Y | -110.9 bp | +9.4 bp | -38.6 bp | Compare | |
| China 10Y | -153.9 bp | +0.4 bp | +140.0 bp | Compare | |
| United States 10Y | -164.3 bp | +3.3 bp | +17.4 bp | Compare | |
| Canada 10Y | -184.8 bp | -4.3 bp | -9.1 bp | Compare | |
| Italy 10Y | -204.7 bp | +9.9 bp | -69.2 bp | Compare | |
| Australia 10Y | -231.9 bp | -9.7 bp | -38.3 bp | Compare | |
| India 10Y | -604.7 bp | +14.4 bp | +57.8 bp | Compare | |
| Russia 10Y | -782.3 bp | -1.8 bp | +66.9 bp | Compare | |
| Brazil 10Y | -1171.1 bp | -18.0 bp | -27.7 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.
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| Residual Maturity |
Yield | Bond Price - with different Coupon Rates | Fx | ||||||
|---|---|---|---|---|---|---|---|---|---|
| 0% | 1% | 3% | 5% | 7% | 9% | ||||
| 30 years | 1.635% | 61.48 | 85.04 | 132.16 | 179.29 | 226.41 | 273.54 | ||
| 25 years | 1.594% | 67.35 | 87.84 | 128.81 | 169.79 | 210.76 | 251.74 | ||
| 20 years | 1.597% | 72.84 | 89.85 | 123.86 | 157.87 | 191.88 | 225.89 | ||
| 15 years | 1.594% | 78.88 | 92.13 | 118.63 | 145.12 | 171.62 | 198.12 | ||
| 10 years | 1.327% | 87.65 | 96.96 | 115.57 | 134.19 | 152.80 | 171.41 | ||
| 9 years | 1.238% | 89.52 | 97.98 | 114.92 | 131.85 | 148.79 | 165.72 | ||
| 8 years | 1.159% | 91.19 | 98.79 | 113.99 | 129.19 | 144.38 | 159.58 | ||
| 7 years | 1.107% | 92.58 | 99.28 | 112.68 | 126.08 | 139.48 | 152.88 | ||
| 6 years | 1.051% | 93.92 | 99.70 | 111.28 | 122.85 | 134.42 | 145.99 | ||
| 5 years | 1.034% | 94.99 | 99.84 | 109.53 | 119.23 | 128.93 | 138.62 | ||
| 4 years | 0.811% | 96.82 | 100.74 | 108.58 | 116.42 | 124.26 | 132.10 | ||
| 3 years | 0.690% | 97.96 | 100.92 | 106.83 | 112.75 | 118.67 | 124.59 | ||
| 2 years | 0.616% | 98.78 | 100.76 | 104.72 | 108.69 | 112.65 | 116.61 | ||
| 1 year | 0.450% | 99.55 | 100.55 | 102.54 | 104.53 | 106.52 | 108.51 | ||
| Maturity Date | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | |||