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.

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 3.190% -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).
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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

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.
If data are not all visible, swipe table left
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.
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 3.961% 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

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