COUNTRY •
GERMANY
Last Update: 9 Feb 2023 0:23 GMT+0
The Germany 10Y Government Bond has a 2.362% yield.
10 Years vs 2 Years bond spread is -33.1 bp. Yield Curve is inverted in Long-Term vs Short-Term Maturities.
Central Bank Rate is 3.00% (last modification in February 2023).
The Germany credit rating is AAA, according to Standard & Poor's agency.
Current 5-Years Credit Default Swap quotation is 7.58 and implied probability of default is 0.13%.
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 | ||||
| 1 month | 2.366% | +57.0 bp | +267.6 bp | 09 Feb | |||||
| 3 months | 2.497% | +32.6 bp | +241.0 bp | 09 Feb | |||||
| 6 months | 2.587% | +12.1 bp | +242.9 bp | 09 Feb | |||||
| 9 months | 2.858% | +19.6 bp | +244.1 bp | 09 Feb | |||||
| 1 year | 2.803% | +9.3 bp | +232.1 bp | 97.27 | -0.09 % | -2.26 % | 09 Feb | ||
| 2 years | 2.692% | +10.6 bp | +222.3 bp | 94.83 | -0.20 % | -4.28 % | 09 Feb | ||
| 3 years | 2.441% | -4.0 bp | +198.2 bp | 93.02 | +0.12 % | -5.70 % | 09 Feb | ||
| 4 years | 2.342% | -0.1 bp | +186.2 bp | 91.16 | +0.01 % | -7.07 % | 09 Feb | ||
| 5 years | 2.339% | +7.4 bp | +164.5 bp | 89.08 | -0.37 % | -7.78 % | 09 Feb | ||
| 6 years | 2.280% | +4.8 bp | +161.9 bp | 87.35 | -0.27 % | -9.12 % | 09 Feb | ||
| 7 years | 2.260% | +3.1 bp | +156.9 bp | 85.52 | -0.21 % | -10.25 % | 09 Feb | ||
| 8 years | 2.262% | +7.1 bp | +152.8 bp | 83.62 | -0.55 % | -11.34 % | 09 Feb | ||
| 9 years | 2.283% | +9.6 bp | +149.7 bp | 81.61 | -0.85 % | -12.44 % | 09 Feb | ||
| 10 years | 2.362% | +12.9 bp | +144.2 bp | 79.18 | -1.25 % | -13.23 % | 08 Feb | ||
| 15 years | 2.413% | +6.8 bp | +128.4 bp | 69.93 | -0.99 % | -17.24 % | 09 Feb | ||
| 20 years | 2.391% | +11.3 bp | +128.6 bp | 62.34 | -2.18 % | -22.34 % | 09 Feb | ||
| 25 years | 2.314% | +11.5 bp | +118.9 bp | 56.44 | -2.77 % | -25.34 % | 09 Feb | ||
| 30 years | 2.310% | +21.8 bp | +115.0 bp | 50.40 | -6.20 % | -28.76 % | 09 Feb | ||
Last Update: 9 Feb 2023 0:23 GMT+0
Germany 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 (3.00%) |
|||||
|---|---|---|---|---|---|---|---|---|
| 3 months | 1 year | 2 years | 5 years | 10 years | ||||
| 30 years | 2.310% | -69.0 bp | ||||||
| 10 years | 2.362% | -63.9 bp | ||||||
| 5 years | 2.339% | -66.1 bp | ||||||
| 2 years | 2.692% | -30.8 bp | ||||||
| 1 year | 2.803% | -19.7 bp | ||||||
| 3 months | 2.497% | -50.3 bp | ||||||
Focusing on 2 years Government Bond:
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| 2Y vs 1Y | -11.1 bp | Yield Curve is inverted in Short-Term Maturities | ||
| 5Y vs 2Y | -35.3 bp | Yield Curve is inverted in Mid-Term vs Short-Term Maturities | ||
| 10Y vs 2Y | -33.1 bp | Yield Curve is inverted in Long-Term vs Short-Term Maturities |
Readings that may interest you
Germany 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
Germany Credit Ratings History
| Rating Agency | Rating | Outlook |
|---|---|---|
| Standard & Poor's |
AAA
|
- |
| Moody's Investors Service |
Aaa
|
- |
| Fitch Ratings |
AAA
|
- |
| DBRS |
AAA
|
- |
Germany 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 | 3.00% |
Germany 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 | 7.58 | 0.00 % | 0.00 % | +16.67 % | 0.13 % |
(*) Implied probability of default, calculated on the hypothesis of a 40% recovery rate.
Germany 10Y Bond Yield Spread
The Germany 10Y Government Bond has a 2.362% 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
| Germany 10Y vs | Current Spread | Chg 1M | Chg 6M | ||
|---|---|---|---|---|---|
| Japan 10Y | 187.4 bp | +13.9 bp | +112.2 bp | Compare | |
| France 10Y | -44.4 bp | +5.9 bp | +11.3 bp | Compare | |
| China 10Y | -55.7 bp | +11.5 bp | +127.1 bp | Compare | |
| Canada 10Y | -67.4 bp | +19.8 bp | +111.7 bp | Compare | |
| United Kingdom 10Y | -97.3 bp | +32.6 bp | +9.8 bp | Compare | |
| Spain 10Y | -100.8 bp | +3.9 bp | +13.5 bp | Compare | |
| United States 10Y | -123.6 bp | +5.9 bp | +63.0 bp | Compare | |
| Australia 10Y | -124.5 bp | +22.3 bp | +106.1 bp | Compare | |
| Italy 10Y | -184.7 bp | +11.3 bp | +31.1 bp | Compare | |
| India 10Y | -498.2 bp | +12.7 bp | +144.6 bp | Compare | |
| Russia 10Y | -831.8 bp | -21.1 bp | -18.8 bp | Compare | |
| Brazil 10Y | -1094.4 bp | -17.5 bp | +27.5 bp | Compare |
Germany 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 | 2.310% | 50.40 | 71.87 | 114.81 | 157.76 | 200.70 | 243.64 | ||
| 25 years | 2.314% | 56.44 | 75.27 | 112.91 | 150.56 | 188.20 | 225.85 | ||
| 20 years | 2.391% | 62.34 | 78.09 | 109.59 | 141.09 | 172.60 | 204.10 | ||
| 15 years | 2.413% | 69.93 | 82.39 | 107.31 | 132.24 | 157.16 | 182.08 | ||
| 10 years | 2.362% | 79.18 | 88.00 | 105.63 | 123.26 | 140.89 | 158.52 | ||
| 9 years | 2.283% | 81.61 | 89.67 | 105.77 | 121.88 | 137.99 | 154.09 | ||
| 8 years | 2.262% | 83.62 | 90.86 | 105.35 | 119.83 | 134.32 | 148.81 | ||
| 7 years | 2.260% | 85.52 | 91.93 | 104.74 | 117.56 | 130.37 | 143.19 | ||
| 6 years | 2.280% | 87.35 | 92.90 | 104.00 | 115.09 | 126.19 | 137.29 | ||
| 5 years | 2.339% | 89.08 | 93.75 | 103.09 | 112.42 | 121.75 | 131.09 | ||
| 4 years | 2.342% | 91.16 | 94.93 | 102.48 | 110.04 | 117.59 | 125.14 | ||
| 3 years | 2.441% | 93.02 | 95.88 | 101.60 | 107.32 | 113.04 | 118.75 | ||
| 2 years | 2.692% | 94.83 | 96.75 | 100.59 | 104.44 | 108.28 | 112.12 | ||
| 1 year | 2.803% | 97.27 | 98.25 | 100.19 | 102.14 | 104.08 | 106.03 | ||
| Maturity Date | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | |||