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.
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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).
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 |
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 | 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.
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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 |