COUNTRY •
CYPRUS
Last Update: 23 Mar 2023 21:15 GMT+0
The Cyprus 10Y Government Bond has a 4.156% yield.
10 Years vs 2 Years bond spread is 96.6 bp. Normal Convexity in Long-Term vs Short-Term Maturities.
Central Bank Rate is 3.50% (last modification in March 2023).
The Cyprus 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 | ||||
2 years | 3.190% | -32.0 bp | +107.1 bp | 93.91 | +0.62 % | -2.06 % | 23 Mar | ||
3 years | 3.282% | -35.4 bp | +114.3 bp | 90.77 | +1.04 % | -3.28 % | 23 Mar | ||
4 years | 3.342% | -35.0 bp | n.a. | 87.68 | +1.36 % | n.a. | 23 Mar | ||
5 years | 3.334% | 0.0 bp | +110.6 bp | 84.88 | 0.00 % | -5.24 % | 25 Jan | ||
7 years | 3.738% | -5.3 bp | +36.4 bp | 77.35 | +0.36 % | -2.42 % | 23 Mar | ||
10 years | 4.156% | -5.3 bp | +45.2 bp | 66.55 | +0.51 % | -4.26 % | 23 Mar | ||
20 years | 4.303% | +27.2 bp | n.a. | 43.06 | -5.09 % | n.a. | 23 Mar | ||
30 years | 3.961% | +13.5 bp | n.a. | 31.18 | -3.82 % | n.a. | 23 Mar |
Last Update: 23 Mar 2023 21:15 GMT+0
Cyprus 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%) |
||
---|---|---|---|---|---|
2 years | 10 years | ||||
30 years | 3.961% | 46.1 bp | |||
10 years | 4.156% | 65.6 bp | |||
2 years | 3.190% | -31.0 bp |
Focusing on 2 years Government Bond:
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5Y vs 2Y | 14.4 bp | Yield Curve is flat in Mid-Term vs Short-Term Maturities | ||
10Y vs 2Y | 96.6 bp | Normal Convexity in Long-Term vs Short-Term Maturities |
Readings that may interest you
Cyprus 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
Cyprus Credit Ratings History
Rating Agency | Rating | Outlook |
---|---|---|
Standard & Poor's |
BBB
|
- |
Moody's Investors Service |
Ba1
|
positive |
Fitch Ratings |
BBB
|
- |
DBRS |
BBB
|
- |
Cyprus 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% |
Cyprus 10Y Bond Yield Spread
The Cyprus 10Y Government Bond has a 4.156% 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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Cyprus 10Y vs | Current Spread | Chg 1M | Chg 6M | ||
---|---|---|---|---|---|
Japan 10Y | 386.1 bp | +15.2 bp | +39.2 bp | Compare | |
Germany 10Y | 199.1 bp | +24.9 bp | +31.7 bp | Compare | |
France 10Y | 145.2 bp | +18.5 bp | +34.8 bp | Compare | |
Canada 10Y | 137.6 bp | +52.8 bp | +75.2 bp | Compare | |
China 10Y | 127.0 bp | +0.2 bp | +25.9 bp | Compare | |
Spain 10Y | 93.2 bp | +23.3 bp | +40.9 bp | Compare | |
Australia 10Y | 90.7 bp | +58.3 bp | +113.6 bp | Compare | |
United Kingdom 10Y | 79.8 bp | +17.2 bp | +90.6 bp | Compare | |
United States 10Y | 74.2 bp | +41.9 bp | +73.3 bp | Compare | |
Italy 10Y | 10.4 bp | +28.2 bp | +73.2 bp | Compare | |
India 10Y | -318.9 bp | -0.7 bp | +50.0 bp | Compare | |
Russia 10Y | -699.4 bp | -22.3 bp | +0.2 bp | Compare | |
Brazil 10Y | -891.7 bp | +23.5 bp | -89.8 bp | Compare |
Cyprus 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% | ||||
30 years | 3.961% | 31.18 | 48.55 | 83.30 | 118.05 | 152.80 | 187.55 | ||
20 years | 4.303% | 43.06 | 56.29 | 82.76 | 109.22 | 135.69 | 162.15 | ||
10 years | 4.156% | 66.55 | 74.60 | 90.70 | 106.79 | 122.89 | 138.99 | ||
7 years | 3.738% | 77.35 | 83.41 | 95.53 | 107.65 | 119.77 | 131.89 | ||
4 years | 3.342% | 87.68 | 91.37 | 98.74 | 106.11 | 113.49 | 120.86 | ||
3 years | 3.282% | 90.77 | 93.58 | 99.21 | 104.83 | 110.46 | 116.09 | ||
2 years | 3.190% | 93.91 | 95.82 | 99.64 | 103.45 | 107.27 | 111.09 | ||
Maturity Date | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 |