Denmark Government Bonds

COUNTRY • DENMARK

Last Update: 3 Oct 2022 14:25 GMT+0

The Denmark 10Y Government Bond has a 2.402% yield.

10 Years vs 2 Years bond spread is 34.2 bp.
Normal Convexity in Long-Term vs Short-Term Maturities.

Central Bank Rate is 0.65% (last modification in September 2022).

The Denmark credit rating is AAA, according to Standard & Poor's agency.

Current 5-Years Credit Default Swap quotation is 14.81 and implied probability of default is 0.25%.

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Residual Maturity	Yield			ZC Price			Last Change
Residual Maturity	Last	Chg 1M	Chg 6M	Last	Chg 1M	Chg 6M	Last Change
3 months	0.900%	+52.0 bp	n.a.				03 Oct
6 months	1.160%	+56.1 bp	n.a.				03 Oct
2 years	2.060%	+70.7 bp	n.a.	96.00	-1.39 %	n.a.	03 Oct
3 years	2.176%	+77.1 bp	n.a.	93.75	-2.24 %	n.a.	03 Oct
5 years	2.242%	+61.2 bp	n.a.	89.51	-2.95 %	n.a.	03 Oct
8 years	2.304%	+59.2 bp	n.a.	83.34	-4.54 %	n.a.	03 Oct
10 years	2.402%	+53.8 bp	+159.2 bp	78.87	-5.14 %	-14.50 %	03 Oct
20 years	2.467%	+45.7 bp	n.a.	61.42	-8.56 %	n.a.	03 Oct
30 years	2.405%	+43.5 bp	n.a.	49.02	-11.99 %	n.a.	03 Oct

Last Update: 3 Oct 2022 14:25 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).

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Residual Maturity	Yield	Spread vs Bond				Spread vs Central Bank Rate (0.65%)
Residual Maturity	Yield	3 months	2 years	5 years	10 years	Spread vs Central Bank Rate (0.65%)
30 years	2.405%	150.5 bp	34.5 bp	16.3 bp	0.3 bp	175.5 bp
10 years	2.402%	150.2 bp	34.2 bp	16.0 bp		175.2 bp
5 years	2.242%	134.2 bp	18.2 bp			159.2 bp
2 years	2.060%	116.0 bp				141.0 bp
3 months	0.900%					25.0 bp

Focusing on 2 years Government Bond:

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	5Y vs 2Y	18.2 bp		Normal Convexity in Mid-Term vs Short-Term Maturities
	10Y vs 2Y	34.2 bp		Normal Convexity in Long-Term vs Short-Term Maturities

Readings that may interest you

Bond Investing for Dummies: 2nd Edition

It's Not Common Cent$: A 30-Day Personal Finance Crash Course for College ...

Exuberant Investing: Invest with confidence in an irrational world

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	0.65%

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	14.81	+28.12 %	+18.19 %	+90.30 %	0.25 %

(*) 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 2.402% 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	215.2 bp	+52.5 bp	+156.0 bp	Compare
Germany 10Y	45.9 bp	+10.3 bp	+20.7 bp	Compare
France 10Y	-14.4 bp	+12.7 bp	+7.4 bp	Compare
China 10Y	-38.0 bp	+39.2 bp	+163.2 bp	Compare
Spain 10Y	-71.1 bp	+10.0 bp	-3.3 bp	Compare
Canada 10Y	-71.2 bp	+51.9 bp	+92.9 bp	Compare
United States 10Y	-123.5 bp	+9.4 bp	+34.4 bp	Compare
Australia 10Y	-148.5 bp	+29.1 bp	+53.9 bp	Compare
United Kingdom 10Y	-162.4 bp	-58.7 bp	-81.2 bp	Compare
Italy 10Y	-188.8 bp	+4.9 bp	-60.1 bp	Compare
India 10Y	-506.6 bp	+30.2 bp	+96.7 bp	Compare
Russia 10Y	-759.8 bp	-11.2 bp	+285.2 bp	Compare
Brazil 10Y	-956.1 bp	+59.9 bp	+60.1 bp	Compare