Austria Government Bonds

COUNTRY • AUSTRIA

Last Update: 27 Nov 2022 9:15 GMT+0

The Austria 10Y Government Bond has a 2.563% yield.

10 Years vs 2 Years bond spread is 23.7 bp.
Yield Curve is flat in Long-Term vs Short-Term Maturities.

Central Bank Rate is 2.00% (last modification in October 2022).

The Austria credit rating is AA+, according to Standard & Poor's agency.

Current 5-Years Credit Default Swap quotation is 7.64 and implied probability of default is 0.13%.

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Residual Maturity	Yield			ZC Price			Last Change
Residual Maturity	Last	Chg 1M	Chg 6M	Last	Chg 1M	Chg 6M	Last Change
3 months	1.661%	+32.6 bp	+224.2 bp				27 Nov
6 months	1.782%	+26.8 bp	+204.3 bp				27 Nov
1 year	2.087%	+29.1 bp	+205.7 bp	97.96	-0.29 %	-2.01 %	27 Nov
2 years	2.326%	+49.6 bp	+198.8 bp	95.51	-0.96 %	-3.85 %	27 Nov
3 years	2.344%	+28.4 bp	+169.9 bp	93.29	-0.83 %	-4.89 %	27 Nov
4 years	2.285%	+11.1 bp	+143.0 bp	91.36	-0.44 %	-5.47 %	27 Nov
5 years	2.286%	+6.8 bp	+136.7 bp	89.31	-0.33 %	-6.51 %	27 Nov
6 years	2.424%	+3.6 bp	+140.3 bp	86.61	-0.22 %	-7.95 %	27 Nov
7 years	2.415%	-1.7 bp	+121.8 bp	84.62	+0.12 %	-8.03 %	27 Nov
8 years	2.462%	-2.8 bp	+111.0 bp	82.32	+0.22 %	-8.34 %	27 Nov
9 years	2.503%	-9.6 bp	+108.1 bp	80.05	+0.84 %	-9.11 %	27 Nov
10 years	2.563%	-9.2 bp	+102.2 bp	77.64	+0.90 %	-9.53 %	27 Nov
15 years	2.684%	-14.8 bp	+88.9 bp	67.21	+2.17 %	-12.24 %	27 Nov
20 years	2.618%	-25.1 bp	+72.5 bp	59.64	+5.02 %	-13.21 %	27 Nov
25 years	2.570%	-24.6 bp	+77.3 bp	53.03	+6.19 %	-17.23 %	27 Nov
30 years	2.522%	-26.1 bp	+65.0 bp	47.37	+7.93 %	-17.37 %	27 Nov
40 years	2.637%	-26.1 bp	+71.9 bp	35.31	+10.69 %	-24.50 %	27 Nov
50 years	2.452%	-20.8 bp	+44.4 bp	29.78	+10.67 %	-19.54 %	27 Nov
70 years	2.512%	-17.3 bp	+43.2 bp	17.61	+12.52 %	-25.60 %	27 Nov
95 years	2.585%	-20.6 bp	+34.8 bp	8.85	+20.90 %	-27.58 %	27 Nov
100 years	2.082%	-13.6 bp	+6.7 bp	12.74	+14.26 %	-6.32 %	27 Nov

Last Update: 27 Nov 2022 9:15 GMT+0

Austria 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).

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Residual Maturity	Yield	Spread vs Bond					Spread vs Central Bank Rate (2.00%)
Residual Maturity	Yield	3 months	1 year	2 years	5 years	10 years	Spread vs Central Bank Rate (2.00%)
30 years	2.522%	86.1 bp	43.5 bp	19.6 bp	23.6 bp	-4.1 bp	52.2 bp
10 years	2.563%	90.2 bp	47.6 bp	23.7 bp	27.7 bp		56.3 bp
5 years	2.286%	62.5 bp	19.9 bp	-4.0 bp			28.6 bp
2 years	2.326%	66.5 bp	23.9 bp				32.6 bp
1 year	2.087%	42.6 bp					8.7 bp
3 months	1.661%						-33.9 bp

Focusing on 2 years Government Bond:

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2Y vs 1Y	23.9 bp	Normal Convexity in Short-Term Maturities
5Y vs 2Y	-4 bp	Yield Curve is inverted in Mid-Term vs Short-Term Maturities
10Y vs 2Y	23.7 bp	Yield Curve is flat in Long-Term vs Short-Term Maturities

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Austria 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 Austria Credit Ratings History

Rating Agency	Rating	Outlook
Standard & Poor's	AA+	-
Moody's Investors Service	Aa1	-
Fitch Ratings	AA+	negative
DBRS	AAA	-

Austria 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%

Austria 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	7.64	0.00 %	-60.38 %	-19.49 %	0.13 %

(*) Implied probability of default, calculated on the hypothesis of a 40% recovery rate.

Austria 10Y Bond Yield Spread

The Austria 10Y Government Bond has a 2.563% 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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Austria 10Y vs	Current Spread	Chg 1M	Chg 6M
Japan 10Y	230.8 bp	-10.2 bp	+99.0 bp	Compare
Germany 10Y	59.3 bp	-9.9 bp	+2.8 bp	Compare
France 10Y	12.9 bp	-5.4 bp	+8.2 bp	Compare
China 10Y	-27.8 bp	-23.2 bp	+93.1 bp	Compare
Canada 10Y	-37.5 bp	+16.9 bp	+87.4 bp	Compare
Spain 10Y	-39.2 bp	-3.9 bp	+15.5 bp	Compare
United Kingdom 10Y	-54.8 bp	+24.6 bp	-16.5 bp	Compare
Australia 10Y	-102.9 bp	+8.6 bp	+67.9 bp	Compare
United States 10Y	-112.8 bp	+14.6 bp	+7.4 bp	Compare
Italy 10Y	-128.6 bp	+3.7 bp	+6.9 bp	Compare
India 10Y	-473.8 bp	+1.9 bp	+107.1 bp	Compare
Russia 10Y	-750.7 bp	-33.2 bp	+46.2 bp	Compare
Brazil 10Y	-1109.3 bp	-162.5 bp	-20.1 bp	Compare