COUNTRY •
CROATIA
Last Update: 29 Mar 2023 11:15 GMT+0
The Croatia 10Y Government Bond has a 3.780% yield.
10 Years vs 2 Years bond spread is 36.3 bp. Normal Convexity in Long-Term vs Short-Term Maturities.
Central Bank Rate is 3.50% (last modification in March 2023).
The Croatia credit rating is BBB+, according to Standard & Poor's agency.
Current 5-Years Credit Default Swap quotation is 74.63 and implied probability of default is 1.24%.
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 year | 3.510% | -1.6 bp | +124.0 bp | 96.61 | +0.02 % | -1.20 % | 29 Mar | ||
| 2 years | 3.417% | -14.9 bp | n.a. | 93.50 | +0.29 % | n.a. | 29 Mar | ||
| 3 years | 3.598% | +2.2 bp | +62.2 bp | 89.94 | -0.07 % | -1.79 % | 29 Mar | ||
| 4 years | 3.481% | -17.5 bp | n.a. | 87.21 | +0.68 % | n.a. | 29 Mar | ||
| 5 years | 3.627% | -11.1 bp | +13.1 bp | 83.68 | +0.53 % | -0.63 % | 29 Mar | ||
| 10 years | 3.780% | -22.2 bp | -17.0 bp | 69.00 | +2.16 % | +1.65 % | 29 Mar | ||
Last Update: 29 Mar 2023 11:15 GMT+0
Croatia 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 (3.50%) |
|||
|---|---|---|---|---|---|---|
| 1 year | 2 years | 5 years | ||||
| 10 years | 3.780% | 28.0 bp | ||||
| 5 years | 3.627% | 12.7 bp | ||||
| 2 years | 3.417% | -8.3 bp | ||||
| 1 year | 3.510% | 1.0 bp | ||||
Focusing on 2 years Government Bond:
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| 2Y vs 1Y | -9.3 bp | Yield Curve is inverted in Short-Term Maturities | ||
| 5Y vs 2Y | 21 bp | Normal Convexity in Mid-Term vs Short-Term Maturities | ||
| 10Y vs 2Y | 36.3 bp | Normal Convexity in Long-Term vs Short-Term Maturities |
Readings that may interest you
Croatia 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
Croatia Credit Ratings History
| Rating Agency | Rating | Outlook |
|---|---|---|
| Standard & Poor's |
BBB+
|
- |
| Moody's Investors Service |
Baa2
|
- |
| Fitch Ratings |
BBB+
|
- |
| DBRS |
-
|
- |
Croatia 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% |
Croatia 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 | 74.63 | -0.53 % | +4.03 % | -14.67 % | 1.24 % |
(*) Implied probability of default, calculated on the hypothesis of a 40% recovery rate.
Croatia 10Y Bond Yield Spread
The Croatia 10Y Government Bond has an estimated 0.000% 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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| Croatia 10Y vs | Current Spread | Chg 1M | Chg 6M | ||
|---|---|---|---|---|---|
| Japan 10Y | 348.1 bp | -2.0 bp | -22.6 bp | Compare | |
| Germany 10Y | 146.5 bp | +21.2 bp | -36.7 bp | Compare | |
| France 10Y | 95.0 bp | +17.5 bp | -26.7 bp | Compare | |
| China 10Y | 90.4 bp | -15.4 bp | -26.4 bp | Compare | |
| Canada 10Y | 81.9 bp | +32.0 bp | +3.9 bp | Compare | |
| Australia 10Y | 45.8 bp | +39.0 bp | +41.7 bp | Compare | |
| Spain 10Y | 42.7 bp | +21.3 bp | -21.6 bp | Compare | |
| United Kingdom 10Y | 31.7 bp | +25.9 bp | +45.0 bp | Compare | |
| United States 10Y | 20.7 bp | +26.8 bp | +9.4 bp | Compare | |
| Italy 10Y | -37.5 bp | +24.2 bp | +18.2 bp | Compare | |
| India 10Y | -351.6 bp | -8.8 bp | -6.8 bp | Compare | |
| Russia 10Y | -654.0 bp | +45.8 bp | -25.0 bp | Compare | |
| Brazil 10Y | -912.0 bp | +41.3 bp | -110.7 bp | Compare |
Croatia 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 | 3.780% | 69.00 | 77.20 | 93.60 | 110.00 | 126.41 | 142.81 | ||
| 5 years | 3.627% | 83.68 | 88.18 | 97.18 | 106.18 | 115.17 | 124.17 | ||
| 4 years | 3.481% | 87.21 | 90.88 | 98.23 | 105.58 | 112.93 | 120.28 | ||
| 3 years | 3.598% | 89.94 | 92.73 | 98.33 | 103.92 | 109.51 | 115.11 | ||
| 2 years | 3.417% | 93.50 | 95.40 | 99.21 | 103.01 | 106.81 | 110.62 | ||
| 1 year | 3.510% | 96.61 | 97.58 | 99.51 | 101.44 | 103.37 | 105.30 | ||
| Maturity Date | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | |||