Colombia Government Bonds - Yields Curve

COUNTRY • SUMMARY
COLOMBIA

The Colombia 10-Year Government Bond currently offers a yield of 10.801%. This yield reflects the return investors can expect if they hold the bond until maturity. Government bond yields are critical indicators of economic confidence and investor sentiment.

The yield spread between Colombia 10-Year and 2-Year government bonds is 239.1 basis points (bp), reflecting the difference in yields between long-term and short-term debt.
Typically, long-term bonds carry higher yields than short-term ones.
Current observation: Normal Convexity in Long-Term vs Short-Term Maturities.

Colombia Central Bank Rate stands at 9.75%, following the most recent adjustment in October 2024.

According to Standard & Poor's agency, the Colombia credit rating is BB+.

The current quotation for Colombia 5-Years Credit Default Swap is 149.16 basis points. Correspondingly, the implied probability of default is 2.49%.

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Colombia Yield Curve

A Yield Curve is a graph that shows the relationship between interest rates (or yields) and different maturities of debt for a specific borrower, often government bonds. It typically plots yields on the y-axis and maturities on the x-axis, ranging from short-term to long-term bonds.

The shape of the yield curve gives investors insights into market expectations for interest rates, economic growth, and inflation. A normal yield curve, where long-term rates are higher than short-term, suggests economic growth, while an inverted curve, where short-term rates are higher, can indicate an upcoming recession.

Colombia Yield Curve
Colombia Government Bonds
13 December 2024

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Residual
Maturity
Annualized Yield Constant Maturity Zero Coupon Price Capital
Growth
of 1 Unit
Last
Update
Last Chg 1M Chg 6M Chg 12M Last Chg 1M Chg 6M Chg 12M
2 years 8.410% +108.9 bp n.a. n.a. 85.09 -1.99 % n.a. n.a. 1.175 13 Dec
4 years 9.568% +26.8 bp -57.2 bp -33.4 bp 69.38 -0.98 % +2.10 % +1.21 % 1.441 13 Dec
5 years 9.981% +39.0 bp -31.9 bp +5.1 bp 62.15 -1.75 % +1.47 % -0.22 % 1.609 13 Dec
10 years 10.801% +40.1 bp -8.0 bp +26.1 bp 35.86 -3.55 % +0.73 % -2.32 % 2.788 13 Dec
15 years 11.533% +66.7 bp +20.3 bp +75.3 bp 19.45 -8.60 % -2.70 % -9.66 % 5.141 13 Dec
Last Update: 13 Dec 2024, 15:15 GMT+0

Colombia Yield History

This table presents the historical values of the yield curve, with data points collected at the end of each year.

By analyzing these values over time, one can observe trends and shifts in economic sentiment and monetary policy that impact investor expectations about future interest rates and economic growth.

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Government Bonds Yield (%)
Spread (bp)
Period 1M 3M 6M 1Y 2Y 3Y 5Y 7Y 10Y 30Y 10Y - 2Y
Dec 2024 n.a. n.a. n.a. n.a. 8.410 n.a. 9.981 n.a. 10.801 n.a. 239.1
Dec 2023 n.a. n.a. n.a. n.a. n.a. n.a. 9.410 n.a. 9.880 n.a. n.a.
Dec 2022 n.a. n.a. n.a. n.a. n.a. n.a. 12.750 n.a. 13.048 n.a. n.a.
Dec 2021 n.a. n.a. n.a. 3.254 n.a. n.a. 7.640 n.a. 8.135 n.a. n.a.
Dec 2020 n.a. n.a. n.a. 2.150 n.a. n.a. 4.045 n.a. 4.840 n.a. n.a.
Dec 2019 n.a. n.a. n.a. 3.900 n.a. n.a. 5.320 n.a. 6.078 n.a. n.a.
Dec 2018 n.a. n.a. n.a. 4.681 n.a. n.a. 6.460 n.a. 7.090 n.a. n.a.
Dec 2017 n.a. n.a. n.a. 4.780 n.a. n.a. 5.700 n.a. 6.464 n.a. n.a.
Dec 2016 n.a. n.a. n.a. 6.365 n.a. n.a. 6.690 n.a. 7.115 n.a. n.a.

Colombia Yield 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).

Internal Spread on Key Maturities:
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5Y vs 2Y 157.1 bp Normal Convexity in Mid-Term vs Short-Term Maturities
10Y vs 2Y 239.1 bp Normal Convexity in Long-Term vs Short-Term Maturities
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Residual
Maturity
Yield Spread vs Spread vs
Central Bank
Rate (9.75%)
2 years 5 years
10 years 10.801% 105.1bp
5 years 9.981%
23.1bp
2 years 8.410%
-134.0bp

Colombia 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).

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Rating Agency Rating Outlook Last Update Action
Standard & Poor's BB+ negative 19 Jan 2024 outlook downgrade
Moody's Investors Service Baa2 negative 28 Jun 2024 outlook downgrade
Fitch Ratings BB+ - 2 Jul 2021 rating downgrade
DBRS BBB (low) - 25 Jun 2021 rating downgrade

Colombia 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 9.75%

Colombia 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 149.16 +2.36 % +31.78 % +63.91 % 2.49 %
(*) Implied probability of default, calculated on the hypothesis of a 40% recovery rate.
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Colombia 10Y Bond Yield Spread

The Colombia 10Y Government Bond has a 10.801% yield.

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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Colombia 10Y vs Current Spread Chg 1M Chg 6M Chg 12M Compare
Countries
vs Japan 10Y 976.6 bp +40.0 bp -15.5 bp -7.7 bp
vs China 10Y 901.9 bp +71.3 bp +45.1 bp +114.3 bp
vs Germany 10Y 855.4 bp +54.0 bp +14.3 bp +17.3 bp
vs Spain 10Y 786.7 bp +59.8 bp +36.5 bp +44.6 bp
vs France 10Y 775.5 bp +52.1 bp +5.3 bp -7.1 bp
vs Canada 10Y 760.1 bp +54.2 bp +7.3 bp +33.0 bp
vs Italy 10Y 739.9 bp +65.8 bp +47.5 bp +79.5 bp
vs United States 10Y 647.3 bp +52.9 bp -16.8 bp -4.3 bp
vs Australia 10Y 641.1 bp +69.8 bp -28.3 bp +3.1 bp
vs United Kingdom 10Y 638.0 bp +52.2 bp -37.0 bp -33.4 bp
vs India 10Y 396.2 bp +47.9 bp +6.7 bp +68.1 bp
vs Brazil 10Y -290.9 bp -47.4 bp -169.0 bp -258.2 bp
vs Russia 10Y -556.4 bp -13.8 bp -130.5 bp -344.4 bp

Colombia 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%
15 years 11.533% 19.45 26.44 40.40 54.37 68.34 82.31
10 years 10.801% 35.86 41.79 53.67 65.55 77.43 89.30
5 years 9.981% 62.15 65.94 73.52 81.11 88.69 96.28
4 years 9.568% 69.38 72.58 78.98 85.38 91.78 98.18
2 years 8.410% 85.09 86.86 90.41 93.95 97.50 101.05
Maturity Date 100.00 100.00 100.00 100.00 100.00 100.00
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