COUNTRY •
CROATIA
Last Update: 30 Sep 2023 2:15 GMT+0
The Croatia 10Y Government Bond has a 3.877% yield.
10 Years vs 2 Years bond spread is -19.7 bp. Yield Curve is inverted in Long-Term vs Short-Term Maturities.
Central Bank Rate is 4.50% (last modification in September 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 | 6.746% | +171.2 bp | +320.6 bp | 93.68 | -1.61 % | -3.00 % | 29 Sep | ||
| 2 years | 4.074% | +7.7 bp | +63.6 bp | 92.32 | -0.15 % | -1.22 % | 29 Sep | ||
| 3 years | 3.887% | +15.4 bp | +27.1 bp | 89.19 | -0.45 % | -0.78 % | 29 Sep | ||
| 4 years | 3.819% | +13.4 bp | +33.3 bp | 86.08 | -0.51 % | -1.27 % | 29 Sep | ||
| 5 years | 3.736% | +7.8 bp | +10.7 bp | 83.24 | -0.38 % | -0.51 % | 29 Sep | ||
| 10 years | 3.877% | -2.2 bp | +9.8 bp | 68.36 | +0.21 % | -0.94 % | 29 Sep | ||
Last Update: 30 Sep 2023 2:15 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).
If data are not all visible, swipe table left
| Residual Maturity |
Yield | Spread vs Bond | Spread vs Central Bank Rate (4.50%) |
|||
|---|---|---|---|---|---|---|
| 1 year | 2 years | 5 years | ||||
| 10 years | 3.877% | -62.3 bp | ||||
| 5 years | 3.736% | -76.4 bp | ||||
| 2 years | 4.074% | -42.6 bp | ||||
| 1 year | 6.746% | 224.6 bp | ||||
Focusing on 2 years Government Bond:
If data are not all visible, swipe table left
| 2Y vs 1Y | -267.2 bp | Yield Curve is inverted in Short-Term Maturities | ||
| 5Y vs 2Y | -33.8 bp | Yield Curve is inverted in Mid-Term vs Short-Term Maturities | ||
| 10Y vs 2Y | -19.7 bp | Yield Curve is inverted 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+
|
positive |
| 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 | 4.50% |
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 a 3.877% 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.
If data are not all visible, swipe table left
| Croatia 10Y vs | Current Spread | Chg 1M | Chg 6M | ||
|---|---|---|---|---|---|
| Japan 10Y | 312.8 bp | -15.0 bp | -32.2 bp | Compare | |
| China 10Y | 117.1 bp | -10.5 bp | +26.6 bp | Compare | |
| Germany 10Y | 102.3 bp | -33.6 bp | -47.3 bp | Compare | |
| France 10Y | 46.1 bp | -36.2 bp | -53.4 bp | Compare | |
| Spain 10Y | -7.6 bp | -41.1 bp | -56.0 bp | Compare | |
| Canada 10Y | -19.2 bp | -49.8 bp | -105.4 bp | Compare | |
| United Kingdom 10Y | -58.1 bp | -7.8 bp | -89.5 bp | Compare | |
| Australia 10Y | -59.7 bp | -44.6 bp | -113.9 bp | Compare | |
| United States 10Y | -70.2 bp | -42.0 bp | -100.8 bp | Compare | |
| Italy 10Y | -93.8 bp | -60.6 bp | -64.0 bp | Compare | |
| India 10Y | -333.3 bp | -5.7 bp | +20.3 bp | Compare | |
| Brazil 10Y | -783.4 bp | -58.1 bp | +128.7 bp | Compare | |
| Russia 10Y | -902.3 bp | -84.2 bp | -250.2 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 | 3.877% | 68.36 | 76.52 | 92.84 | 109.16 | 125.49 | 141.81 | ||
| 5 years | 3.736% | 83.24 | 87.73 | 96.70 | 105.67 | 114.64 | 123.61 | ||
| 4 years | 3.819% | 86.08 | 89.72 | 97.01 | 104.31 | 111.60 | 118.89 | ||
| 3 years | 3.887% | 89.19 | 91.97 | 97.53 | 103.10 | 108.66 | 114.22 | ||
| 2 years | 4.074% | 92.32 | 94.21 | 97.98 | 101.74 | 105.51 | 109.28 | ||
| 1 year | 6.746% | 93.68 | 94.62 | 96.49 | 98.36 | 100.24 | 102.11 | ||
| Maturity Date | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | |||