COUNTRY •
BELGIUM
Last Update: 28 Jun 2022 11:15 GMT+0
The Belgium 10Y Government Bond has a 2.272% yield.
10 Years vs 2 Years bond spread is 122.9 bp. Normal Convexity in Long-Term vs Short-Term Maturities.
Central Bank Rate is 0.00% (last modification in March 2016).
The Belgium credit rating is AA, according to Standard & Poor's agency.
Current 5-Years Credit Default Swap quotation is 14.00 and implied probability of default is 0.23%.
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 | -0.801% | -16.8 bp | +11.9 bp | 28 Jun | |||||
| 3 months | -0.485% | +4.6 bp | +20.8 bp | 28 Jun | |||||
| 6 months | -0.092% | +25.4 bp | +66.1 bp | 28 Jun | |||||
| 9 months | 0.260% | +36.4 bp | +98.3 bp | 28 Jun | |||||
| 1 year | 0.530% | +41.8 bp | +119.8 bp | 99.47 | -0.42 % | -1.19 % | 28 Jun | ||
| 2 years | 1.043% | +64.0 bp | +169.7 bp | 97.95 | -1.26 % | -3.33 % | 28 Jun | ||
| 3 years | 1.342% | +68.3 bp | +196.1 bp | 96.08 | -2.01 % | -5.69 % | 28 Jun | ||
| 4 years | 1.477% | +67.3 bp | +200.1 bp | 94.30 | -2.63 % | -7.66 % | 28 Jun | ||
| 5 years | 1.627% | +72.2 bp | +205.3 bp | 92.25 | -3.50 % | -9.70 % | 28 Jun | ||
| 6 years | 1.735% | +70.6 bp | +208.2 bp | 90.19 | -4.09 % | -11.67 % | 28 Jun | ||
| 7 years | 1.870% | +71.1 bp | +213.0 bp | 87.84 | -4.78 % | -13.75 % | 28 Jun | ||
| 8 years | 2.001% | +71.2 bp | +215.1 bp | 85.34 | -5.45 % | -15.68 % | 28 Jun | ||
| 9 years | 2.105% | +69.9 bp | +215.0 bp | 82.90 | -6.00 % | -17.44 % | 28 Jun | ||
| 10 years | 2.272% | +69.3 bp | +215.5 bp | 79.88 | -6.57 % | -19.18 % | 28 Jun | ||
| 15 years | 2.567% | +67.2 bp | +232.1 bp | 68.37 | -9.40 % | -29.06 % | 28 Jun | ||
| 20 years | 2.709% | +63.9 bp | +212.0 bp | 58.59 | -11.74 % | -34.11 % | 28 Jun | ||
| 30 years | 2.734% | +56.5 bp | n.a. | 44.52 | -15.25 % | n.a. | 28 Jun | ||
| 50 years | 2.722% | +46.5 bp | n.a. | 26.11 | -20.30 % | n.a. | 28 Jun | ||
Last Update: 28 Jun 2022 11:15 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 (0.00%) |
|||||
|---|---|---|---|---|---|---|---|---|
| 3 months | 1 year | 2 years | 5 years | 10 years | ||||
| 30 years | 2.734% | 273.4 bp | ||||||
| 10 years | 2.272% | 227.2 bp | ||||||
| 5 years | 1.627% | 162.7 bp | ||||||
| 2 years | 1.043% | 104.3 bp | ||||||
| 1 year | 0.530% | 53.0 bp | ||||||
| 3 months | -0.485% | -48.5 bp | ||||||
Focusing on 2 years Government Bond:
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| 2Y vs 1Y | 51.3 bp | Normal Convexity in Short-Term Maturities | ||
| 5Y vs 2Y | 58.4 bp | Normal Convexity in Mid-Term vs Short-Term Maturities | ||
| 10Y vs 2Y | 122.9 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 (high)
|
negative |
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 | 0.00% |
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 | 14.00 | -0.71 % | -2.10 % | +14.75 % | 0.23 % |
(*) 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 2.272% 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 | 204.2 bp | +68.6 bp | +198.4 bp | Compare | |
| Germany 10Y | 61.7 bp | +1.4 bp | +26.4 bp | Compare | |
| France 10Y | 8.1 bp | -0.4 bp | +9.5 bp | Compare | |
| United Kingdom 10Y | -21.5 bp | +13.0 bp | +59.1 bp | Compare | |
| Spain 10Y | -47.0 bp | +3.9 bp | -7.7 bp | Compare | |
| China 10Y | -58.5 bp | +58.6 bp | +211.8 bp | Compare | |
| United States 10Y | -97.7 bp | +18.7 bp | +39.0 bp | Compare | |
| Canada 10Y | -118.6 bp | +2.5 bp | +17.3 bp | Compare | |
| Italy 10Y | -141.2 bp | -9.5 bp | -43.4 bp | Compare | |
| Australia 10Y | -154.7 bp | +12.3 bp | -7.7 bp | Compare | |
| India 10Y | -518.5 bp | +58.6 bp | +117.6 bp | Compare | |
| Russia 10Y | -634.8 bp | +158.3 bp | +195.0 bp | Compare | |
| Brazil 10Y | -1051.0 bp | +34.4 bp | +8.0 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 | 2.722% | 26.11 | 53.26 | 107.55 | 161.84 | 216.13 | 270.42 | ||
| 30 years | 2.734% | 44.52 | 64.81 | 105.40 | 145.98 | 186.57 | 227.15 | ||
| 20 years | 2.709% | 58.59 | 73.88 | 104.45 | 135.02 | 165.59 | 196.16 | ||
| 15 years | 2.567% | 68.37 | 80.69 | 105.33 | 129.98 | 154.62 | 179.26 | ||
| 10 years | 2.272% | 79.88 | 88.74 | 106.45 | 124.16 | 141.87 | 159.58 | ||
| 9 years | 2.105% | 82.90 | 91.03 | 107.27 | 123.51 | 139.75 | 156.00 | ||
| 8 years | 2.001% | 85.34 | 92.67 | 107.32 | 121.97 | 136.62 | 151.27 | ||
| 7 years | 1.870% | 87.84 | 94.34 | 107.35 | 120.36 | 133.37 | 146.38 | ||
| 6 years | 1.735% | 90.19 | 95.85 | 107.15 | 118.45 | 129.76 | 141.06 | ||
| 5 years | 1.627% | 92.25 | 97.01 | 106.54 | 116.07 | 125.60 | 135.13 | ||
| 4 years | 1.477% | 94.30 | 98.16 | 105.87 | 113.59 | 121.30 | 129.01 | ||
| 3 years | 1.342% | 96.08 | 99.00 | 104.84 | 110.69 | 116.53 | 122.37 | ||
| 2 years | 1.043% | 97.95 | 99.92 | 103.85 | 107.79 | 111.73 | 115.67 | ||
| 1 year | 0.530% | 99.47 | 100.47 | 102.46 | 104.45 | 106.44 | 108.43 | ||
| Maturity Date | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | |||