Austria Government Bonds

COUNTRY • AUSTRIA

Last Update: 21 Mar 2023 9:23 GMT+0

The Austria 10Y Government Bond has a 2.830% yield.

10 Years vs 2 Years bond spread is 23.5 bp.
Yield Curve is flat in Long-Term vs Short-Term Maturities.

Central Bank Rate is 3.50% (last modification in March 2023).

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

Current 5-Years Credit Default Swap quotation is 16.04 and implied probability of default is 0.27%.

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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	2.444%	-5.2 bp	+201.6 bp				21 Mar
6 months	2.898%	-25.7 bp	+198.5 bp				21 Mar
1 year	2.629%	-56.5 bp	+108.3 bp	97.44	+0.56 %	-1.06 %	21 Mar
2 years	2.595%	-43.2 bp	+70.7 bp	95.01	+0.85 %	-1.37 %	21 Mar
3 years	2.496%	-42.3 bp	+44.6 bp	92.87	+1.24 %	-1.30 %	21 Mar
4 years	2.547%	-35.7 bp	+36.1 bp	90.43	+1.40 %	-1.40 %	21 Mar
5 years	2.574%	-36.7 bp	+39.0 bp	88.07	+1.80 %	-1.88 %	21 Mar
6 years	2.654%	-34.4 bp	+34.7 bp	85.46	+2.03 %	-2.01 %	21 Mar
7 years	2.718%	-32.8 bp	+35.5 bp	82.88	+2.25 %	-2.40 %	21 Mar
8 years	2.757%	-31.7 bp	+36.4 bp	80.45	+2.50 %	-2.79 %	21 Mar
9 years	2.792%	-32.7 bp	+37.9 bp	78.05	+2.90 %	-3.27 %	21 Mar
10 years	2.830%	-35.6 bp	+32.9 bp	75.65	+3.52 %	-3.15 %	21 Mar
15 years	2.927%	-29.3 bp	+30.8 bp	64.87	+4.36 %	-4.41 %	21 Mar
20 years	2.984%	-27.5 bp	+28.2 bp	55.54	+5.47 %	-5.33 %	21 Mar
25 years	2.918%	-24.1 bp	+33.6 bp	48.72	+6.03 %	-7.85 %	21 Mar
30 years	2.931%	-13.5 bp	+40.4 bp	42.04	+4.03 %	-11.12 %	21 Mar
40 years	2.939%	-24.5 bp	+30.9 bp	31.39	+9.99 %	-11.33 %	21 Mar
50 years	2.670%	-18.3 bp	+15.5 bp	26.78	+9.31 %	-7.27 %	21 Mar
70 years	2.809%	-16.3 bp	+27.2 bp	14.38	+11.73 %	-16.93 %	21 Mar
95 years	2.892%	-20.7 bp	+24.8 bp	6.66	+20.87 %	-20.53 %	21 Mar
100 years	2.359%	-19.7 bp	+7.0 bp	9.71	+21.22 %	-6.63 %	21 Mar

Last Update: 21 Mar 2023 9:23 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 (3.50%)
Residual Maturity	Yield	3 months	1 year	2 years	5 years	10 years	Spread vs Central Bank Rate (3.50%)
30 years	2.931%	48.7 bp	30.2 bp	33.6 bp	35.7 bp	10.1 bp	-56.9 bp
10 years	2.830%	38.6 bp	20.1 bp	23.5 bp	25.6 bp		-67.0 bp
5 years	2.574%	13.0 bp	-5.5 bp	-2.1 bp			-92.6 bp
2 years	2.595%	15.1 bp	-3.4 bp				-90.5 bp
1 year	2.629%	18.5 bp					-87.1 bp
3 months	2.444%						-105.6 bp

Focusing on 2 years Government Bond:

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2Y vs 1Y	-3.4 bp	Yield Curve is inverted in Short-Term Maturities
5Y vs 2Y	-2.1 bp	Yield Curve is inverted in Mid-Term vs Short-Term Maturities
10Y vs 2Y	23.5 bp	Yield Curve is flat in Long-Term vs Short-Term Maturities

Readings that may interest you

Bond Investing For Dummies (For Dummies (Business & Personal Finance))

Fixed Income Securities: A beginner’s guide to understand, analyze, evaluate ...

The Strategic Bond Investor, Third Edition: Strategic Tools to Unlock the Power ...

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	3.50%

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	16.04	+109.82 %	+109.82 %	+25.86 %	0.27 %

(*) 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 2.830% 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	261.2 bp	-7.1 bp	+36.3 bp	Compare
Germany 10Y	63.7 bp	-0.1 bp	+1.9 bp	Compare
France 10Y	11.4 bp	-5.0 bp	+4.3 bp	Compare
Canada 10Y	-0.3 bp	+27.5 bp	+53.8 bp	Compare
China 10Y	-5.1 bp	-29.9 bp	+11.6 bp	Compare
Spain 10Y	-40.4 bp	+1.8 bp	+14.7 bp	Compare
Australia 10Y	-42.5 bp	+31.0 bp	+74.9 bp	Compare
United Kingdom 10Y	-55.6 bp	-11.2 bp	+29.0 bp	Compare
United States 10Y	-68.5 bp	+8.9 bp	+34.6 bp	Compare
Italy 10Y	-118.6 bp	+10.4 bp	+43.5 bp	Compare
India 10Y	-453.0 bp	-32.5 bp	+20.2 bp	Compare
Russia 10Y	-835.0 bp	-52.1 bp	-65.1 bp	Compare
Brazil 10Y	-1018.1 bp	-17.1 bp	-85.2 bp	Compare