COUNTRY •
GERMANY
Last Update: 6 Oct 2022 8:15 GMT+0
The Germany 10Y Government Bond has a 2.053% yield.
10 Years vs 2 Years bond spread is 34.9 bp. Normal Convexity in Long-Term vs Short-Term Maturities.
Central Bank Rate is 1.25% (last modification in September 2022).
The Germany credit rating is AAA, according to Standard & Poor's agency.
Current 5-Years Credit Default Swap quotation is 17.00 and implied probability of default is 0.28%.
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 | 0.365% | +29.9 bp | n.a. | 06 Oct | |||||
| 3 months | 0.753% | +53.3 bp | +145.3 bp | 06 Oct | |||||
| 6 months | 0.717% | +61.4 bp | +138.6 bp | 06 Oct | |||||
| 9 months | 1.458% | +84.1 bp | +200.7 bp | 06 Oct | |||||
| 1 year | 1.659% | +101.9 bp | +209.9 bp | 98.37 | -1.00 % | -2.06 % | 06 Oct | ||
| 2 years | 1.704% | +61.6 bp | +174.6 bp | 96.68 | -1.21 % | -3.40 % | 06 Oct | ||
| 3 years | 1.653% | +59.0 bp | +151.7 bp | 95.20 | -1.73 % | -4.41 % | 06 Oct | ||
| 4 years | 1.709% | +55.6 bp | +140.1 bp | 93.45 | -2.17 % | -5.40 % | 06 Oct | ||
| 5 years | 1.883% | +49.4 bp | +144.2 bp | 91.09 | -2.41 % | -6.88 % | 06 Oct | ||
| 6 years | 1.849% | +45.5 bp | +137.9 bp | 89.59 | -2.65 % | -7.86 % | 06 Oct | ||
| 7 years | 1.893% | +48.0 bp | +139.8 bp | 87.70 | -3.25 % | -9.21 % | 06 Oct | ||
| 8 years | 1.915% | +47.8 bp | +137.4 bp | 85.92 | -3.69 % | -10.29 % | 06 Oct | ||
| 9 years | 1.948% | +45.4 bp | +137.0 bp | 84.06 | -3.94 % | -11.47 % | 06 Oct | ||
| 10 years | 2.053% | +43.4 bp | +140.6 bp | 81.61 | -4.17 % | -12.95 % | 06 Oct | ||
| 15 years | 2.211% | +42.8 bp | +152.8 bp | 72.03 | -6.10 % | -20.22 % | 06 Oct | ||
| 20 years | 2.131% | +41.5 bp | +142.3 bp | 65.59 | -7.83 % | -24.47 % | 06 Oct | ||
| 25 years | 2.056% | +35.1 bp | +136.3 bp | 60.12 | -8.26 % | -28.55 % | 06 Oct | ||
| 30 years | 2.049% | +31.4 bp | +126.7 bp | 54.42 | -8.83 % | -31.25 % | 06 Oct | ||
Last Update: 6 Oct 2022 8:15 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 (1.25%) |
|||||
|---|---|---|---|---|---|---|---|---|
| 3 months | 1 year | 2 years | 5 years | 10 years | ||||
| 30 years | 2.049% | 79.9 bp | ||||||
| 10 years | 2.053% | 80.3 bp | ||||||
| 5 years | 1.883% | 63.3 bp | ||||||
| 2 years | 1.704% | 45.4 bp | ||||||
| 1 year | 1.659% | 40.9 bp | ||||||
| 3 months | 0.753% | -49.7 bp | ||||||
Focusing on 2 years Government Bond:
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| 2Y vs 1Y | 4.5 bp | Yield Curve is flat in Short-Term Maturities | ||
| 5Y vs 2Y | 17.9 bp | Normal Convexity in Mid-Term vs Short-Term Maturities | ||
| 10Y vs 2Y | 34.9 bp | Normal Convexity 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 | 1.25% |
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 | 17.00 | 0.00 % | +3.66 % | +84.78 % | 0.28 % |
(*) 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 2.053% 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 | 181.3 bp | +43.2 bp | +140.3 bp | Compare | |
| France 10Y | -60.3 bp | -1.6 bp | -6.6 bp | Compare | |
| China 10Y | -69.7 bp | +31.1 bp | +145.6 bp | Compare | |
| Spain 10Y | -120.4 bp | -0.7 bp | -17.8 bp | Compare | |
| Canada 10Y | -123.8 bp | +33.2 bp | +64.4 bp | Compare | |
| United States 10Y | -172.6 bp | -0.3 bp | +22.5 bp | Compare | |
| Australia 10Y | -174.7 bp | +37.7 bp | +54.4 bp | Compare | |
| United Kingdom 10Y | -208.0 bp | -63.0 bp | -99.2 bp | Compare | |
| Italy 10Y | -242.6 bp | -8.2 bp | -77.6 bp | Compare | |
| India 10Y | -540.8 bp | +15.2 bp | +86.2 bp | Compare | |
| Russia 10Y | -774.7 bp | -2.6 bp | +337.6 bp | Compare | |
| Brazil 10Y | -970.3 bp | +70.5 bp | +112.0 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 | 2.049% | 54.42 | 76.66 | 121.16 | 165.65 | 210.14 | 254.63 | ||
| 25 years | 2.056% | 60.12 | 79.52 | 118.31 | 157.10 | 195.89 | 234.68 | ||
| 20 years | 2.131% | 65.59 | 81.74 | 114.03 | 146.32 | 178.62 | 210.91 | ||
| 15 years | 2.211% | 72.03 | 84.68 | 109.98 | 135.28 | 160.57 | 185.87 | ||
| 10 years | 2.053% | 81.61 | 90.57 | 108.48 | 126.40 | 144.31 | 162.23 | ||
| 9 years | 1.948% | 84.06 | 92.24 | 108.61 | 124.97 | 141.34 | 157.70 | ||
| 8 years | 1.915% | 85.92 | 93.27 | 107.98 | 122.68 | 137.39 | 152.09 | ||
| 7 years | 1.893% | 87.70 | 94.20 | 107.19 | 120.19 | 133.19 | 146.19 | ||
| 6 years | 1.849% | 89.59 | 95.22 | 106.48 | 117.74 | 129.00 | 140.26 | ||
| 5 years | 1.883% | 91.09 | 95.82 | 105.28 | 114.74 | 124.20 | 133.66 | ||
| 4 years | 1.709% | 93.45 | 97.28 | 104.95 | 112.62 | 120.29 | 127.96 | ||
| 3 years | 1.653% | 95.20 | 98.10 | 103.91 | 109.72 | 115.52 | 121.33 | ||
| 2 years | 1.704% | 96.68 | 98.63 | 102.53 | 106.43 | 110.33 | 114.23 | ||
| 1 year | 1.659% | 98.37 | 99.35 | 101.32 | 103.29 | 105.25 | 107.22 | ||
| Maturity Date | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | |||