Austria Government Bonds

COUNTRY • AUSTRIA

Last Update: 28 Jun 2022 11:15 GMT+0

The Austria 10Y Government Bond has a 2.190% yield.

10 Years vs 2 Years bond spread is 123.3 bp.
Normal Convexity in Long-Term vs Short-Term Maturities.

Central Bank Rate is 0.00% (last modification in March 2016).

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

Current 5-Years Credit Default Swap quotation is 12.42 and implied probability of default is 0.21%.

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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	-0.564%	+1.7 bp	n.a.				28 Jun
6 months	-0.077%	+18.4 bp	n.a.				28 Jun
1 year	0.624%	+59.4 bp	+125.6 bp	99.38	-0.59 %	-1.25 %	28 Jun
2 years	0.957%	+61.9 bp	+165.4 bp	98.11	-1.23 %	-3.25 %	28 Jun
3 years	1.257%	+61.2 bp	+186.2 bp	96.32	-1.80 %	-5.42 %	28 Jun
4 years	1.551%	+69.6 bp	+204.7 bp	94.03	-2.71 %	-7.82 %	28 Jun
5 years	1.651%	+73.2 bp	+203.7 bp	92.14	-3.55 %	-9.62 %	28 Jun
6 years	1.788%	+76.7 bp	+211.4 bp	89.91	-4.44 %	-11.84 %	28 Jun
7 years	1.880%	+68.3 bp	+214.4 bp	87.78	-4.60 %	-13.83 %	28 Jun
8 years	1.976%	+62.4 bp	+213.8 bp	85.51	-4.79 %	-15.60 %	28 Jun
9 years	2.101%	+67.9 bp	+217.0 bp	82.93	-5.84 %	-17.58 %	28 Jun
10 years	2.190%	+64.9 bp	+216.7 bp	80.52	-6.18 %	-19.29 %	28 Jun
15 years	2.389%	+59.4 bp	+204.9 bp	70.18	-8.36 %	-26.16 %	28 Jun
20 years	2.496%	+60.3 bp	+208.2 bp	61.07	-11.13 %	-33.67 %	28 Jun
25 years	2.424%	+62.7 bp	+193.6 bp	54.95	-14.23 %	-37.94 %	28 Jun
30 years	2.446%	+57.4 bp	+186.9 bp	48.43	-15.52 %	-42.45 %	28 Jun
40 years	2.580%	+66.2 bp	+191.8 bp	36.10	-22.81 %	-52.99 %	28 Jun
50 years	2.479%	+47.1 bp	n.a.	29.39	-20.59 %	n.a.	28 Jun
70 years	2.574%	+49.4 bp	n.a.	16.88	-28.69 %	n.a.	28 Jun
95 years	2.698%	+46.1 bp	n.a.	7.97	-34.78 %	n.a.	28 Jun
100 years	2.494%	+47.9 bp	n.a.	8.51	-37.43 %	n.a.	28 Jun

Last Update: 28 Jun 2022 11:15 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 (0.00%)
Residual Maturity	Yield	3 months	1 year	2 years	5 years	10 years	Spread vs Central Bank Rate (0.00%)
30 years	2.446%	301.0 bp	182.2 bp	148.9 bp	79.5 bp	25.6 bp	244.6 bp
10 years	2.190%	275.4 bp	156.6 bp	123.3 bp	53.9 bp		219.0 bp
5 years	1.651%	221.5 bp	102.7 bp	69.4 bp			165.1 bp
2 years	0.957%	152.1 bp	33.3 bp				95.7 bp
1 year	0.624%	118.8 bp					62.4 bp
3 months	-0.564%						-56.4 bp

Focusing on 2 years Government Bond:

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2Y vs 1Y	33.3 bp	Normal Convexity in Short-Term Maturities
5Y vs 2Y	69.4 bp	Normal Convexity in Mid-Term vs Short-Term Maturities
10Y vs 2Y	123.3 bp	Normal Convexity in Long-Term vs Short-Term Maturities

Readings that may interest you

Personal Finance After 50 for Dummies: 2nd Edition

Bloomberg Visual Guide to Municipal Bonds

Investing Made Simple and Easy: THE 49 ESSENTIAL PERSONAL FINANCE, WEALTH ...

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+	positive
Moody's Investors Service	Aa1	-
Fitch Ratings	AA+	-
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	0.00%

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	12.42	+6.61 %	+9.43 %	+26.91 %	0.21 %

(*) 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 2.190% 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	196.0 bp	+64.2 bp	+199.6 bp	Compare
Germany 10Y	53.5 bp	-3.0 bp	+27.6 bp	Compare
France 10Y	-0.1 bp	-4.8 bp	+10.7 bp	Compare
United Kingdom 10Y	-29.7 bp	+8.6 bp	+60.3 bp	Compare
Spain 10Y	-55.2 bp	-0.5 bp	-6.5 bp	Compare
China 10Y	-66.7 bp	+54.2 bp	+213.0 bp	Compare
United States 10Y	-105.9 bp	+14.3 bp	+40.2 bp	Compare
Canada 10Y	-126.8 bp	-1.9 bp	+18.5 bp	Compare
Italy 10Y	-149.4 bp	-13.9 bp	-42.2 bp	Compare
Australia 10Y	-162.9 bp	+7.9 bp	-6.5 bp	Compare
India 10Y	-526.7 bp	+54.2 bp	+118.8 bp	Compare
Russia 10Y	-643.0 bp	+153.9 bp	+196.2 bp	Compare
Brazil 10Y	-1059.2 bp	+30.0 bp	+9.2 bp	Compare