COUNTRY •
DENMARK
Last Update: 28 Jun 2022 5:23 GMT+0
The Denmark 10Y Government Bond has a 1.907% yield.
10 Years vs 2 Years bond spread is 63.8 bp. Normal Convexity in Long-Term vs Short-Term Maturities.
Central Bank Rate is -0.60% (last modification in October 2021).
The Denmark credit rating is AAA, according to Standard & Poor's agency.
Current 5-Years Credit Default Swap quotation is 11.89 and implied probability of default is 0.20%.
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 | ||||
| 3 months | -0.454% | +1.7 bp | n.a. | 28 Jun | |||||
| 6 months | -0.170% | +20.0 bp | n.a. | 28 Jun | |||||
| 2 years | 1.269% | +59.7 bp | n.a. | 97.51 | -1.18 % | n.a. | 28 Jun | ||
| 3 years | 1.401% | +59.0 bp | n.a. | 95.91 | -1.74 % | n.a. | 28 Jun | ||
| 5 years | 1.656% | +62.8 bp | n.a. | 92.12 | -3.04 % | n.a. | 28 Jun | ||
| 8 years | 1.781% | +57.7 bp | n.a. | 86.83 | -4.45 % | n.a. | 28 Jun | ||
| 10 years | 1.907% | +56.8 bp | +186.7 bp | 82.79 | -5.44 % | -16.88 % | 28 Jun | ||
| 20 years | 2.141% | +63.6 bp | n.a. | 65.46 | -11.74 % | n.a. | 28 Jun | ||
| 30 years | 2.108% | +61.3 bp | n.a. | 53.48 | -16.53 % | n.a. | 28 Jun | ||
Last Update: 28 Jun 2022 5:23 GMT+0
Denmark 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 (-0.60%) |
||||
|---|---|---|---|---|---|---|---|
| 3 months | 2 years | 5 years | 10 years | ||||
| 30 years | 2.108% | 270.8 bp | |||||
| 10 years | 1.907% | 250.7 bp | |||||
| 5 years | 1.656% | 225.6 bp | |||||
| 2 years | 1.269% | 186.9 bp | |||||
| 3 months | -0.454% | 14.6 bp | |||||
Focusing on 2 years Government Bond:
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| 5Y vs 2Y | 38.7 bp | Normal Convexity in Mid-Term vs Short-Term Maturities | ||
| 10Y vs 2Y | 63.8 bp | Normal Convexity in Long-Term vs Short-Term Maturities |
Readings that may interest you
Denmark 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
Denmark Credit Ratings History
| Rating Agency | Rating | Outlook |
|---|---|---|
| Standard & Poor's |
AAA
|
- |
| Moody's Investors Service |
Aaa
|
- |
| Fitch Ratings |
AAA
|
- |
| DBRS |
AAA
|
- |
Denmark 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 | -0.60% |
Denmark 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 | 11.89 | +5.73 % | +8.10 % | +52.11 % | 0.20 % |
(*) Implied probability of default, calculated on the hypothesis of a 40% recovery rate.
Denmark 10Y Bond Yield Spread
The Denmark 10Y Government Bond has a 1.907% 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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| Denmark 10Y vs | Current Spread | Chg 1M | Chg 6M | ||
|---|---|---|---|---|---|
| Japan 10Y | 167.8 bp | +56.2 bp | +169.7 bp | Compare | |
| Germany 10Y | 36.4 bp | +0.1 bp | +8.8 bp | Compare | |
| France 10Y | -16.8 bp | -1.3 bp | -7.7 bp | Compare | |
| United Kingdom 10Y | -48.0 bp | +10.5 bp | +40.3 bp | Compare | |
| Spain 10Y | -78.0 bp | -3.1 bp | -31.0 bp | Compare | |
| China 10Y | -94.5 bp | +46.6 bp | +183.5 bp | Compare | |
| United States 10Y | -127.4 bp | +13.0 bp | +17.0 bp | Compare | |
| Canada 10Y | -147.4 bp | -2.3 bp | -3.8 bp | Compare | |
| Italy 10Y | -171.2 bp | -15.5 bp | -65.7 bp | Compare | |
| Australia 10Y | -183.5 bp | +7.5 bp | -28.8 bp | Compare | |
| India 10Y | -554.0 bp | +47.1 bp | +89.8 bp | Compare | |
| Russia 10Y | -675.3 bp | +141.8 bp | +162.2 bp | Compare | |
| Brazil 10Y | -1087.5 bp | +21.9 bp | -20.8 bp | Compare |
Denmark 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 | 2.108% | 53.48 | 75.55 | 119.68 | 163.82 | 207.95 | 252.09 | ||
| 20 years | 2.141% | 65.46 | 81.59 | 113.86 | 146.12 | 178.38 | 210.64 | ||
| 10 years | 1.907% | 82.79 | 91.81 | 109.87 | 127.92 | 145.97 | 164.02 | ||
| 8 years | 1.781% | 86.83 | 94.22 | 109.01 | 123.80 | 138.60 | 153.39 | ||
| 5 years | 1.656% | 92.12 | 96.88 | 106.40 | 115.92 | 125.44 | 134.96 | ||
| 3 years | 1.401% | 95.91 | 98.83 | 104.67 | 110.50 | 116.34 | 122.17 | ||
| 2 years | 1.269% | 97.51 | 99.47 | 103.40 | 107.32 | 111.25 | 115.17 | ||
| Maturity Date | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | |||