COUNTRY •
BULGARIA
Last Update: 27 Sep 2023 2:15 GMT+0
The Bulgaria 10Y Government Bond has a 4.295% yield.
10 Years vs 2 Years bond spread is 122 bp. Normal Convexity in Long-Term vs Short-Term Maturities.
Central Bank Rate is 3.12% (last modification in August 2023).
The Bulgaria credit rating is BBB, according to Standard & Poor's agency.
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 | 3.810% | +27.0 bp | +106.0 bp | 26 Sep | |||||
1 year | 2.925% | +0.1 bp | +63.8 bp | 97.16 | 0.00 % | -0.61 % | 26 Sep | ||
2 years | 3.075% | 0.0 bp | +40.2 bp | 94.12 | 0.00 % | -0.78 % | 26 Sep | ||
3 years | 3.125% | 0.0 bp | +9.9 bp | 91.18 | 0.00 % | -0.28 % | 26 Sep | ||
4 years | 3.277% | 0.0 bp | +20.1 bp | 87.90 | 0.00 % | -0.78 % | 26 Sep | ||
5 years | 3.583% | 0.0 bp | +10.1 bp | 83.86 | 0.00 % | -0.49 % | 26 Sep | ||
7 years | 4.004% | +0.5 bp | -19.6 bp | 75.97 | -0.04 % | +1.32 % | 25 Sep | ||
10 years | 4.295% | 0.0 bp | -20.7 bp | 65.67 | 0.00 % | +2.00 % | 26 Sep |
Last Update: 27 Sep 2023 2:15 GMT+0
Bulgaria 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).
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Residual Maturity |
Yield | Spread vs Bond | Spread vs Central Bank Rate (3.12%) |
|||
---|---|---|---|---|---|---|
1 year | 2 years | 5 years | ||||
10 years | 4.295% | 117.5 bp | ||||
5 years | 3.583% | 46.3 bp | ||||
2 years | 3.075% | -4.5 bp | ||||
1 year | 2.925% | -19.5 bp |
Focusing on 2 years Government Bond:
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2Y vs 1Y | 15 bp | Normal Convexity in Short-Term Maturities | ||
5Y vs 2Y | 50.8 bp | Normal Convexity in Mid-Term vs Short-Term Maturities | ||
10Y vs 2Y | 122 bp | Normal Convexity in Long-Term vs Short-Term Maturities |
Readings that may interest you
Bulgaria 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
Bulgaria Credit Ratings History
Rating Agency | Rating | Outlook |
---|---|---|
Standard & Poor's |
BBB
|
- |
Moody's Investors Service |
Baa1
|
- |
Fitch Ratings |
BBB
|
positive |
DBRS |
-
|
- |
Bulgaria 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 | 3.12% |
Bulgaria 10Y Bond Yield Spread
The Bulgaria 10Y Government Bond has a 4.295% 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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Bulgaria 10Y vs | Current Spread | Chg 1M | Chg 6M | ||
---|---|---|---|---|---|
Japan 10Y | 357.1 bp | -7.3 bp | -63.2 bp | Compare | |
China 10Y | 156.2 bp | -15.1 bp | -6.6 bp | Compare | |
Germany 10Y | 148.4 bp | -25.5 bp | -79.5 bp | Compare | |
France 10Y | 93.0 bp | -27.6 bp | -80.3 bp | Compare | |
Spain 10Y | 38.9 bp | -32.7 bp | -80.5 bp | Compare | |
Canada 10Y | 23.9 bp | -31.9 bp | -134.3 bp | Compare | |
United Kingdom 10Y | -6.8 bp | +8.0 bp | -118.7 bp | Compare | |
Australia 10Y | -7.9 bp | -23.2 bp | -128.4 bp | Compare | |
United States 10Y | -22.8 bp | -27.8 bp | -118.7 bp | Compare | |
Italy 10Y | -44.2 bp | -50.5 bp | -86.3 bp | Compare | |
India 10Y | -285.1 bp | +6.0 bp | -4.1 bp | Compare | |
Brazil 10Y | -746.6 bp | -64.9 bp | +97.1 bp | Compare | |
Russia 10Y | -839.5 bp | -75.0 bp | -260.7 bp | Compare |
Bulgaria 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.
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Residual Maturity |
Yield | Bond Price - with different Coupon Rates | Fx | ||||||
---|---|---|---|---|---|---|---|---|---|
0% | 1% | 3% | 5% | 7% | 9% | ||||
10 years | 4.295% | 65.67 | 73.66 | 89.65 | 105.64 | 121.62 | 137.61 | ||
7 years | 4.004% | 75.97 | 81.97 | 93.97 | 105.98 | 117.98 | 129.98 | ||
5 years | 3.583% | 83.86 | 88.36 | 97.37 | 106.38 | 115.39 | 124.40 | ||
4 years | 3.277% | 87.90 | 91.59 | 98.98 | 106.36 | 113.75 | 121.13 | ||
3 years | 3.125% | 91.18 | 94.00 | 99.65 | 105.29 | 110.93 | 116.58 | ||
2 years | 3.075% | 94.12 | 96.03 | 99.86 | 103.68 | 107.50 | 111.32 | ||
1 year | 2.925% | 97.16 | 98.13 | 100.07 | 102.02 | 103.96 | 105.90 | ||
Maturity Date | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 |