Cyprus Government Bonds - Yields Curve

COUNTRY • SUMMARY
CYPRUS
Last Update: 27 Apr 2024 2:15 GMT+0

The Cyprus 10Y Government Bond has a 3.362% yield.

10 Years vs 2 Years bond spread is -13.2 bp.
Yield Curve is inverted in Long-Term vs Short-Term Maturities.

Central Bank Rate is 4.50% (last modification in September 2023).

The Cyprus credit rating is BBB, according to Standard & Poor's agency.

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Cyprus Yield Curve

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
2 years 3.494% +18.0 bp +7.1 bp 93.36 -0.35 % -0.14 % 26 Apr
3 years 3.147% +24.9 bp -31.7 bp 91.12 -0.73 % +0.92 % 26 Apr
4 years 3.353% +25.0 bp -4.2 bp 87.64 -0.96 % +0.16 % 26 Apr
7 years 3.119% +23.5 bp -65.2 bp 80.65 -1.59 % +4.51 % 26 Apr
10 years 3.362% +21.4 bp -75.8 bp 71.84 -2.06 % +7.58 % 26 Apr
20 years 3.924% +33.3 bp -72.2 bp 46.31 -6.22 % +14.86 % 26 Apr
30 years 3.906% +23.3 bp -80.6 bp 31.68 -6.52 % +26.06 % 26 Apr
Last Update: 27 Apr 2024 2:15 GMT+0

Cyprus 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).

If data are not all visible, swipe table left
Residual
Maturity
Yield Spread vs Bond Spread vs
Central Bank
Rate (4.50%)
2 years 10 years
30 years 3.906% -59.4 bp
10 years 3.362%
-113.8 bp
2 years 3.494%
-100.6 bp

Focusing on 2 years Government Bond:

If data are not all visible, swipe table left
10Y vs 2Y -13.2 bp Yield Curve is inverted in Long-Term vs Short-Term Maturities

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 positive
Moody's Investors Service Baa2 -
Fitch Ratings BBB -
DBRS BBB (high) -

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 4.50%

Cyprus 10Y Bond Yield Spread

The Cyprus 10Y Government Bond has a 3.362% 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.
If data are not all visible, swipe table left
Cyprus 10Y vs Current Spread Chg 1M Chg 6M Compare
Countries
vs Japan 10Y 248.0 bp +4.3 bp -76.6 bp
vs China 10Y 115.7 bp +32.1 bp -22.8 bp
vs Germany 10Y 78.4 bp -7.4 bp -52.2 bp
vs France 10Y 29.3 bp -6.6 bp -38.7 bp
vs Spain 10Y -0.9 bp -2.5 bp -22.0 bp
vs Canada 10Y -48.9 bp -16.9 bp -59.4 bp
vs Italy 10Y -52.8 bp -6.1 bp +19.1 bp
vs United Kingdom 10Y -96.6 bp -18.2 bp -52.4 bp
vs Australia 10Y -117.8 bp -33.4 bp -48.5 bp
vs United States 10Y -130.1 bp -26.1 bp -58.3 bp
vs India 10Y -383.7 bp +8.7 bp -60.6 bp
vs Brazil 10Y -822.5 bp -45.1 bp -85.7 bp
vs Russia 10Y -1108.8 bp -47.6 bp -271.8 bp

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.
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%
30 years 3.906% 31.68 49.17 84.15 119.14 154.12 189.10
20 years 3.924% 46.31 59.99 87.36 114.72 142.09 169.45
10 years 3.362% 71.84 80.22 96.97 113.72 130.47 147.22
7 years 3.119% 80.65 86.86 99.26 111.67 124.07 136.48
4 years 3.353% 87.64 91.33 98.70 106.07 113.44 120.81
3 years 3.147% 91.12 93.94 99.59 105.23 110.87 116.51
2 years 3.494% 93.36 95.26 99.06 102.86 106.66 110.46
Maturity Date 100.00 100.00 100.00 100.00 100.00 100.00

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