COUNTRY •
BELGIUM
Last Update: 27 Nov 2022 12:15 GMT+0
The Belgium 10Y Government Bond has a 2.488% yield.
10 Years vs 2 Years bond spread is 32.6 bp. Normal Convexity in Long-Term vs Short-Term Maturities.
Central Bank Rate is 2.00% (last modification in October 2022).
The Belgium credit rating is AA, according to Standard & Poor's agency.
Current 5-Years Credit Default Swap quotation is 10.22 and implied probability of default is 0.17%.
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 | 1.012% | +41.2 bp | +164.5 bp | 27 Nov | |||||
| 3 months | 1.686% | +66.8 bp | +221.7 bp | 27 Nov | |||||
| 6 months | 1.879% | +25.3 bp | +222.5 bp | 27 Nov | |||||
| 9 months | 2.251% | +40.0 bp | +235.5 bp | 27 Nov | |||||
| 1 year | 2.420% | +25.6 bp | +230.8 bp | 97.64 | -0.25 % | -2.25 % | 27 Nov | ||
| 2 years | 2.162% | +26.1 bp | +175.9 bp | 95.81 | -0.51 % | -3.42 % | 27 Nov | ||
| 3 years | 2.212% | +33.2 bp | +155.3 bp | 93.65 | -0.97 % | -4.49 % | 27 Nov | ||
| 4 years | 2.267% | +33.3 bp | +146.3 bp | 91.42 | -1.30 % | -5.61 % | 27 Nov | ||
| 5 years | 2.261% | +17.4 bp | +135.6 bp | 89.42 | -0.85 % | -6.46 % | 27 Nov | ||
| 6 years | 2.325% | +17.1 bp | +129.6 bp | 87.12 | -1.00 % | -7.36 % | 27 Nov | ||
| 7 years | 2.352% | +10.2 bp | +119.3 bp | 84.98 | -0.70 % | -7.88 % | 27 Nov | ||
| 8 years | 2.382% | +8.8 bp | +109.3 bp | 82.83 | -0.70 % | -8.23 % | 27 Nov | ||
| 9 years | 2.541% | +18.0 bp | +113.5 bp | 79.79 | -1.57 % | -9.52 % | 27 Nov | ||
| 10 years | 2.488% | -5.5 bp | +90.9 bp | 78.21 | +0.54 % | -8.53 % | 27 Nov | ||
| 15 years | 2.763% | -14.3 bp | +86.8 bp | 66.45 | +2.11 % | -11.94 % | 27 Nov | ||
| 20 years | 2.809% | -20.4 bp | +73.9 bp | 57.46 | +4.04 % | -13.44 % | 27 Nov | ||
| 30 years | 2.746% | -21.7 bp | +57.7 bp | 44.37 | +6.53 % | -15.53 % | 27 Nov | ||
| 50 years | 2.488% | +0.4 bp | +23.1 bp | 29.27 | -0.17 % | -10.65 % | 27 Nov | ||
Last Update: 27 Nov 2022 12:15 GMT+0
Belgium 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).
If data are not all visible, swipe table left
| 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 | 2.746% | 74.6 bp | ||||||
| 10 years | 2.488% | 48.8 bp | ||||||
| 5 years | 2.261% | 26.1 bp | ||||||
| 2 years | 2.162% | 16.2 bp | ||||||
| 1 year | 2.420% | 42.0 bp | ||||||
| 3 months | 1.686% | -31.4 bp | ||||||
Focusing on 2 years Government Bond:
If data are not all visible, swipe table left
| 2Y vs 1Y | -25.8 bp | Yield Curve is inverted in Short-Term Maturities | ||
| 5Y vs 2Y | 9.9 bp | Yield Curve is flat in Mid-Term vs Short-Term Maturities | ||
| 10Y vs 2Y | 32.6 bp | Normal Convexity in Long-Term vs Short-Term Maturities |
Readings that may interest you
Belgium 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
Belgium Credit Ratings History
| Rating Agency | Rating | Outlook |
|---|---|---|
| Standard & Poor's |
AA
|
- |
| Moody's Investors Service |
Aa3
|
- |
| Fitch Ratings |
AA-
|
- |
| DBRS |
AA
|
- |
Belgium 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% |
Belgium 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 | 10.22 | 0.00 % | -42.57 % | -16.88 % | 0.17 % |
(*) Implied probability of default, calculated on the hypothesis of a 40% recovery rate.
Belgium 10Y Bond Yield Spread
The Belgium 10Y Government Bond has a 2.488% 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
| Belgium 10Y vs | Current Spread | Chg 1M | Chg 6M | ||
|---|---|---|---|---|---|
| Japan 10Y | 223.3 bp | -6.5 bp | +87.7 bp | Compare | |
| Germany 10Y | 51.8 bp | -6.2 bp | -8.5 bp | Compare | |
| France 10Y | 5.4 bp | -1.7 bp | -3.1 bp | Compare | |
| China 10Y | -35.3 bp | -19.5 bp | +81.8 bp | Compare | |
| Canada 10Y | -45.0 bp | +20.6 bp | +76.1 bp | Compare | |
| Spain 10Y | -46.7 bp | -0.2 bp | +4.2 bp | Compare | |
| United Kingdom 10Y | -62.3 bp | +28.3 bp | -27.8 bp | Compare | |
| Australia 10Y | -110.4 bp | +12.3 bp | +56.6 bp | Compare | |
| United States 10Y | -120.3 bp | +18.3 bp | -3.9 bp | Compare | |
| Italy 10Y | -136.1 bp | +7.4 bp | -4.4 bp | Compare | |
| India 10Y | -481.3 bp | +5.6 bp | +95.8 bp | Compare | |
| Russia 10Y | -758.2 bp | -29.5 bp | +34.9 bp | Compare | |
| Brazil 10Y | -1116.8 bp | -158.8 bp | -31.4 bp | Compare |
Belgium 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% | ||||
| 50 years | 2.488% | 29.27 | 57.70 | 114.56 | 171.42 | 228.28 | 285.14 | ||
| 30 years | 2.746% | 44.37 | 64.63 | 105.15 | 145.67 | 186.19 | 226.71 | ||
| 20 years | 2.809% | 57.46 | 72.60 | 102.89 | 133.18 | 163.46 | 193.75 | ||
| 15 years | 2.763% | 66.45 | 78.59 | 102.88 | 127.18 | 151.47 | 175.76 | ||
| 10 years | 2.488% | 78.21 | 86.97 | 104.48 | 122.00 | 139.51 | 157.03 | ||
| 9 years | 2.541% | 79.79 | 87.74 | 103.65 | 119.56 | 135.47 | 151.38 | ||
| 8 years | 2.382% | 82.83 | 90.04 | 104.45 | 118.87 | 133.28 | 147.69 | ||
| 7 years | 2.352% | 84.98 | 91.37 | 104.14 | 116.91 | 129.68 | 142.45 | ||
| 6 years | 2.325% | 87.12 | 92.66 | 103.74 | 114.82 | 125.90 | 136.98 | ||
| 5 years | 2.261% | 89.42 | 94.10 | 103.46 | 112.81 | 122.17 | 131.52 | ||
| 4 years | 2.267% | 91.42 | 95.21 | 102.77 | 110.34 | 117.90 | 125.47 | ||
| 3 years | 2.212% | 93.65 | 96.52 | 102.26 | 108.01 | 113.75 | 119.49 | ||
| 2 years | 2.162% | 95.81 | 97.75 | 101.62 | 105.50 | 109.37 | 113.24 | ||
| 1 year | 2.420% | 97.64 | 98.61 | 100.57 | 102.52 | 104.47 | 106.42 | ||
| Maturity Date | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | |||