COUNTRY •
DENMARK
Last Update: 30 Sep 2023 2:23 GMT+0
The Denmark 10Y Government Bond has a 3.123% yield.
10 Years vs 2 Years bond spread is -63.3 bp. Yield Curve is inverted in Long-Term vs Short-Term Maturities.
Central Bank Rate is 3.35% (last modification in August 2023).
The Denmark credit rating is AAA, according to Standard & Poor's agency.
Current 5-Years Credit Default Swap quotation is 10.94 and implied probability of default is 0.18%.
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 | 3.559% | +350.9 bp | +53.0 bp | 30 Sep | |||||
| 6 months | 3.523% | +10.6 bp | +61.8 bp | 30 Sep | |||||
| 2 years | 3.756% | +36.7 bp | +82.6 bp | 92.89 | -0.71 % | -1.59 % | 30 Sep | ||
| 3 years | 3.194% | +2.6 bp | +38.4 bp | 91.00 | -0.08 % | -1.11 % | 30 Sep | ||
| 5 years | 3.036% | +16.3 bp | +39.2 bp | 86.11 | -0.78 % | -1.89 % | 30 Sep | ||
| 8 years | 3.002% | +26.1 bp | +45.6 bp | 78.93 | -2.01 % | -3.48 % | 30 Sep | ||
| 10 years | 3.123% | +28.4 bp | +52.1 bp | 73.53 | -2.71 % | -4.94 % | 30 Sep | ||
| 20 years | 3.233% | +33.6 bp | +55.1 bp | 52.92 | -6.32 % | -10.15 % | 30 Sep | ||
| 30 years | 3.122% | +35.2 bp | +61.9 bp | 39.76 | -9.76 % | -16.52 % | 30 Sep | ||
Last Update: 30 Sep 2023 2:23 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 (3.35%) |
||||
|---|---|---|---|---|---|---|---|
| 3 months | 2 years | 5 years | 10 years | ||||
| 30 years | 3.122% | -22.8 bp | |||||
| 10 years | 3.123% | -22.7 bp | |||||
| 5 years | 3.036% | -31.4 bp | |||||
| 2 years | 3.756% | 40.6 bp | |||||
| 3 months | 3.559% | 20.9 bp | |||||
Focusing on 2 years Government Bond:
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| 5Y vs 2Y | -72 bp | Yield Curve is inverted in Mid-Term vs Short-Term Maturities | ||
| 10Y vs 2Y | -63.3 bp | Yield Curve is inverted 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 | 3.35% |
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 | 10.94 | +3.33 % | -2.95 % | -5.43 % | 0.18 % |
(*) 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 3.123% 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
| Denmark 10Y vs | Current Spread | Chg 1M | Chg 6M | ||
|---|---|---|---|---|---|
| Japan 10Y | 237.4 bp | +17.5 bp | +8.7 bp | Compare | |
| China 10Y | 41.7 bp | +18.1 bp | +69.1 bp | Compare | |
| Germany 10Y | 26.9 bp | -1.2 bp | +3.9 bp | Compare | |
| France 10Y | -29.3 bp | -6.1 bp | -3.0 bp | Compare | |
| Spain 10Y | -83.0 bp | -9.9 bp | -4.4 bp | Compare | |
| Canada 10Y | -94.6 bp | -17.9 bp | -59.0 bp | Compare | |
| United Kingdom 10Y | -133.5 bp | +29.4 bp | -43.4 bp | Compare | |
| Australia 10Y | -135.4 bp | -14.8 bp | -62.6 bp | Compare | |
| United States 10Y | -145.6 bp | -18.5 bp | -50.9 bp | Compare | |
| Italy 10Y | -169.2 bp | -33.0 bp | -7.9 bp | Compare | |
| India 10Y | -408.7 bp | +25.9 bp | +60.7 bp | Compare | |
| Brazil 10Y | -858.8 bp | -56.8 bp | +181.0 bp | Compare | |
| Russia 10Y | -977.7 bp | -60.6 bp | -206.9 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 | 3.122% | 39.76 | 59.06 | 97.65 | 136.24 | 174.83 | 213.42 | ||
| 20 years | 3.233% | 52.92 | 67.48 | 96.61 | 125.73 | 154.85 | 183.98 | ||
| 10 years | 3.123% | 73.53 | 82.00 | 98.96 | 115.91 | 132.86 | 149.82 | ||
| 8 years | 3.002% | 78.93 | 85.95 | 99.99 | 114.02 | 128.06 | 142.10 | ||
| 5 years | 3.036% | 86.11 | 90.69 | 99.84 | 108.99 | 118.14 | 127.29 | ||
| 3 years | 3.194% | 91.00 | 93.82 | 99.45 | 105.09 | 110.73 | 116.36 | ||
| 2 years | 3.756% | 92.89 | 94.78 | 98.57 | 102.35 | 106.14 | 109.93 | ||
| Maturity Date | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | |||