COUNTRY • BULGARIA
Last Update: 23 Mar 2023 15:15 GMT+0

The Bulgaria 10Y Government Bond has a 4.502% yield.

10 Years vs 2 Years bond spread is 182.9 bp.
Normal Convexity in Long-Term vs Short-Term Maturities.

Central Bank Rate is 1.42% (last modification in February 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 2.750% +40.0 bp +214.0 bp 23 Mar
1 year 2.288% +0.2 bp +203.7 bp 97.76 -0.01 % -1.99 % 23 Mar
2 years 2.673% -0.1 bp +177.1 bp 94.86 0.00 % -3.42 % 23 Mar
3 years 3.026% -10.2 bp +121.7 bp 91.44 +0.30 % -3.50 % 23 Mar
4 years 3.076% -10.2 bp +116.6 bp 88.59 +0.40 % -4.44 % 23 Mar
5 years 3.483% 0.0 bp +142.1 bp 84.27 0.00 % -6.68 % 23 Mar
7 years 4.200% -30.0 bp n.a. 74.98 +2.04 % n.a. 22 Mar
10 years 4.502% -76.9 bp +188.4 bp 64.38 +7.60 % -16.64 % 23 Mar
Last Update: 23 Mar 2023 15:15 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).
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Residual
Maturity
Yield Spread vs Bond Spread vs
Central Bank
Rate (1.42%)
1 year 2 years 5 years
10 years 4.502% 308.2 bp
5 years 3.483%
206.3 bp
2 years 2.673%
125.3 bp
1 year 2.288%
86.8 bp
Focusing on 2 years Government Bond:
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2Y vs 1Y 38.5 bp Normal Convexity in Short-Term Maturities
5Y vs 2Y 81 bp Normal Convexity in Mid-Term vs Short-Term Maturities
10Y vs 2Y 182.9 bp Normal Convexity in Long-Term vs Short-Term Maturities

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 1.42%

Bulgaria 10Y Bond Yield Spread

The Bulgaria 10Y Government Bond has a 4.502% 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 420.7 bp -56.4 bp +182.4 bp Compare
Germany 10Y 233.7 bp -46.7 bp +174.9 bp Compare
France 10Y 179.8 bp -53.1 bp +178.0 bp Compare
Canada 10Y 172.2 bp -18.8 bp +218.4 bp Compare
China 10Y 161.6 bp -71.4 bp +169.1 bp Compare
Spain 10Y 127.8 bp -48.3 bp +184.1 bp Compare
Australia 10Y 125.3 bp -13.3 bp +256.8 bp Compare
United Kingdom 10Y 111.9 bp -56.9 bp +231.3 bp Compare
United States 10Y 108.8 bp -29.7 bp +216.5 bp Compare
Italy 10Y 45.3 bp -43.1 bp +216.7 bp Compare
India 10Y -284.3 bp -72.3 bp +193.2 bp Compare
Russia 10Y -664.8 bp -93.9 bp +143.4 bp Compare
Brazil 10Y -857.1 bp -48.1 bp +53.4 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.
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%
10 years 4.502% 64.38 72.29 88.12 103.94 119.76 135.59
7 years 4.200% 74.98 80.93 92.85 104.77 116.68 128.60
5 years 3.483% 84.27 88.78 97.82 106.85 115.89 124.92
4 years 3.076% 88.59 92.30 99.72 107.14 114.56 121.98
3 years 3.026% 91.44 94.27 99.93 105.58 111.24 116.89
2 years 2.673% 94.86 96.78 100.63 104.47 108.32 112.16
1 year 2.288% 97.76 98.74 100.70 102.65 104.61 106.56
Maturity Date 100.00 100.00 100.00 100.00 100.00 100.00

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