COUNTRY •
BELGIUM
Last Update: 1 Apr 2023 8:23 GMT+0
The Belgium 10Y Government Bond has a 2.941% yield.
10 Years vs 2 Years bond spread is 26.7 bp. Yield Curve is flat in Long-Term vs Short-Term Maturities.
Central Bank Rate is 3.50% (last modification in March 2023).
The Belgium credit rating is AA, according to Standard & Poor's agency.
Current 5-Years Credit Default Swap quotation is 24.85 and implied probability of default is 0.41%.
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 | 2.687% | +28.8 bp | +213.7 bp | 01 Apr | |||||
| 3 months | 2.884% | +16.7 bp | +202.2 bp | 01 Apr | |||||
| 6 months | 2.899% | -25.6 bp | +158.1 bp | 01 Apr | |||||
| 9 months | 3.063% | -11.9 bp | +145.2 bp | 01 Apr | |||||
| 1 year | 3.120% | -19.6 bp | +118.8 bp | 96.97 | +0.19 % | -1.15 % | 01 Apr | ||
| 2 years | 2.674% | -52.7 bp | +81.6 bp | 94.86 | +1.03 % | -1.59 % | 01 Apr | ||
| 3 years | 2.645% | -50.1 bp | +69.5 bp | 92.47 | +1.47 % | -2.01 % | 01 Apr | ||
| 4 years | 2.646% | -48.9 bp | +51.1 bp | 90.08 | +1.92 % | -1.98 % | 01 Apr | ||
| 5 years | 2.600% | -49.2 bp | +35.6 bp | 87.96 | +2.42 % | -1.72 % | 01 Apr | ||
| 6 years | 2.641% | -46.1 bp | +26.7 bp | 85.52 | +2.73 % | -1.55 % | 01 Apr | ||
| 7 years | 2.726% | -43.0 bp | +28.8 bp | 82.84 | +2.97 % | -1.94 % | 01 Apr | ||
| 8 years | 2.797% | -42.9 bp | +30.9 bp | 80.20 | +3.39 % | -2.37 % | 01 Apr | ||
| 9 years | 2.886% | -42.6 bp | +30.0 bp | 77.41 | +3.79 % | -2.59 % | 01 Apr | ||
| 10 years | 2.941% | -43.9 bp | +14.1 bp | 74.84 | +4.35 % | -1.36 % | 01 Apr | ||
| 15 years | 3.188% | -38.8 bp | +11.9 bp | 62.45 | +5.78 % | -1.72 % | 01 Apr | ||
| 20 years | 3.284% | -34.2 bp | +5.3 bp | 52.40 | +6.83 % | -1.02 % | 01 Apr | ||
| 30 years | 3.280% | -32.0 bp | +21.6 bp | 37.98 | +9.74 % | -6.08 % | 01 Apr | ||
| 50 years | 2.908% | -26.9 bp | +7.9 bp | 23.85 | +13.95 % | -3.79 % | 01 Apr | ||
Last Update: 1 Apr 2023 8:23 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 (3.50%) |
|||||
|---|---|---|---|---|---|---|---|---|
| 3 months | 1 year | 2 years | 5 years | 10 years | ||||
| 30 years | 3.280% | -22.0 bp | ||||||
| 10 years | 2.941% | -55.9 bp | ||||||
| 5 years | 2.600% | -90.0 bp | ||||||
| 2 years | 2.674% | -82.6 bp | ||||||
| 1 year | 3.120% | -38.0 bp | ||||||
| 3 months | 2.884% | -61.6 bp | ||||||
Focusing on 2 years Government Bond:
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| 2Y vs 1Y | -44.6 bp | Yield Curve is inverted in Short-Term Maturities | ||
| 5Y vs 2Y | -7.4 bp | Yield Curve is inverted in Mid-Term vs Short-Term Maturities | ||
| 10Y vs 2Y | 26.7 bp | Yield Curve is flat 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-
|
negative |
| 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 | 3.50% |
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 | 24.85 | +0.23 % | +143.11 % | +57.31 % | 0.41 % |
(*) 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 2.941% 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 | 261.2 bp | -26.7 bp | +5.5 bp | Compare | |
| Germany 10Y | 65.8 bp | +0.4 bp | -2.4 bp | Compare | |
| France 10Y | 15.7 bp | -1.9 bp | +9.0 bp | Compare | |
| China 10Y | 6.7 bp | -38.1 bp | +4.9 bp | Compare | |
| Canada 10Y | 2.4 bp | +8.2 bp | +39.4 bp | Compare | |
| Australia 10Y | -29.9 bp | +15.3 bp | +80.8 bp | Compare | |
| Spain 10Y | -35.4 bp | +2.2 bp | +15.3 bp | Compare | |
| United Kingdom 10Y | -52.4 bp | -7.9 bp | +75.9 bp | Compare | |
| United States 10Y | -53.2 bp | +8.4 bp | +50.5 bp | Compare | |
| Italy 10Y | -113.6 bp | +6.7 bp | +57.1 bp | Compare | |
| India 10Y | -437.4 bp | -32.0 bp | +22.4 bp | Compare | |
| Russia 10Y | -735.9 bp | +25.6 bp | +8.1 bp | Compare | |
| Brazil 10Y | -995.9 bp | +0.2 bp | -79.6 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 | 2.908% | 23.85 | 50.04 | 102.41 | 154.78 | 207.15 | 259.52 | ||
| 30 years | 3.280% | 37.98 | 56.89 | 94.71 | 132.52 | 170.34 | 208.16 | ||
| 20 years | 3.284% | 52.40 | 66.90 | 95.88 | 124.87 | 153.86 | 182.85 | ||
| 15 years | 3.188% | 62.45 | 74.23 | 97.79 | 121.34 | 144.89 | 168.45 | ||
| 10 years | 2.941% | 74.84 | 83.39 | 100.50 | 117.62 | 134.73 | 151.84 | ||
| 9 years | 2.886% | 77.41 | 85.24 | 100.89 | 116.55 | 132.20 | 147.86 | ||
| 8 years | 2.797% | 80.20 | 87.28 | 101.44 | 115.60 | 129.76 | 143.92 | ||
| 7 years | 2.726% | 82.84 | 89.13 | 101.72 | 114.32 | 126.91 | 139.50 | ||
| 6 years | 2.641% | 85.52 | 91.00 | 101.97 | 112.93 | 123.90 | 134.86 | ||
| 5 years | 2.600% | 87.96 | 92.59 | 101.85 | 111.12 | 120.38 | 129.65 | ||
| 4 years | 2.646% | 90.08 | 93.83 | 101.33 | 108.82 | 116.32 | 123.82 | ||
| 3 years | 2.645% | 92.47 | 95.31 | 101.01 | 106.71 | 112.40 | 118.10 | ||
| 2 years | 2.674% | 94.86 | 96.78 | 100.63 | 104.47 | 108.32 | 112.16 | ||
| 1 year | 3.120% | 96.97 | 97.94 | 99.88 | 101.82 | 103.76 | 105.70 | ||
| Maturity Date | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | |||