COUNTRY •
GERMANY
Last Update: 27 Jun 2022 5:15 GMT+0
The Germany 10Y Government Bond has a 1.441% yield.
10 Years vs 2 Years bond spread is 64.8 bp. Normal Convexity in Long-Term vs Short-Term Maturities.
Central Bank Rate is 0.00% (last modification in March 2016).
The Germany credit rating is AAA, according to Standard & Poor's agency.
Current 5-Years Credit Default Swap quotation is 13.30 and implied probability of default is 0.22%.
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 | -0.729% | -6.7 bp | n.a. | 27 Jun | |||||
| 3 months | -0.484% | +17.0 bp | +23.5 bp | 27 Jun | |||||
| 6 months | -0.027% | +30.0 bp | +68.0 bp | 27 Jun | |||||
| 9 months | 0.159% | +39.0 bp | +86.1 bp | 27 Jun | |||||
| 1 year | 0.496% | +53.1 bp | +117.3 bp | 99.51 | -0.53 % | -1.16 % | 27 Jun | ||
| 2 years | 0.793% | +44.5 bp | +144.7 bp | 98.43 | -0.89 % | -2.85 % | 27 Jun | ||
| 3 years | 0.897% | +47.2 bp | +159.2 bp | 97.36 | -1.40 % | -4.65 % | 27 Jun | ||
| 4 years | 1.004% | +46.3 bp | +159.5 bp | 96.08 | -1.82 % | -6.17 % | 27 Jun | ||
| 5 years | 1.154% | +48.0 bp | +164.5 bp | 94.42 | -2.36 % | -7.87 % | 27 Jun | ||
| 6 years | 1.216% | +48.5 bp | +169.1 bp | 93.00 | -2.84 % | -9.62 % | 27 Jun | ||
| 7 years | 1.255% | +47.2 bp | +167.0 bp | 91.64 | -3.22 % | -10.99 % | 27 Jun | ||
| 8 years | 1.300% | +47.2 bp | +167.7 bp | 90.18 | -3.67 % | -12.51 % | 27 Jun | ||
| 9 years | 1.357% | +46.4 bp | +167.8 bp | 88.58 | -4.04 % | -13.95 % | 27 Jun | ||
| 10 years | 1.441% | +46.5 bp | +168.3 bp | 86.67 | -4.49 % | -15.40 % | 27 Jun | ||
| 15 years | 1.698% | +47.5 bp | +175.2 bp | 77.68 | -6.78 % | -22.94 % | 27 Jun | ||
| 20 years | 1.677% | +48.2 bp | +180.9 bp | 71.70 | -9.07 % | -30.17 % | 27 Jun | ||
| 25 years | 1.638% | +46.9 bp | +165.6 bp | 66.62 | -10.91 % | -33.68 % | 27 Jun | ||
| 30 years | 1.690% | +44.4 bp | +157.5 bp | 60.49 | -12.30 % | -37.39 % | 27 Jun | ||
Last Update: 27 Jun 2022 5:15 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).
If data are not all visible, swipe table left
| Residual Maturity |
Yield | Spread vs Bond | Spread vs Central Bank Rate (0.00%) |
|||||
|---|---|---|---|---|---|---|---|---|
| 3 months | 1 year | 2 years | 5 years | 10 years | ||||
| 30 years | 1.690% | 169.0 bp | ||||||
| 10 years | 1.441% | 144.1 bp | ||||||
| 5 years | 1.154% | 115.4 bp | ||||||
| 2 years | 0.793% | 79.3 bp | ||||||
| 1 year | 0.496% | 49.6 bp | ||||||
| 3 months | -0.484% | -48.4 bp | ||||||
Focusing on 2 years Government Bond:
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| 2Y vs 1Y | 29.7 bp | Normal Convexity in Short-Term Maturities | ||
| 5Y vs 2Y | 36.1 bp | Normal Convexity in Mid-Term vs Short-Term Maturities | ||
| 10Y vs 2Y | 64.8 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 | 0.00% |
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 | 13.30 | +20.91 % | +6.40 % | +27.88 % | 0.22 % |
(*) 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 1.441% 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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| Germany 10Y vs | Current Spread | Chg 1M | Chg 6M | ||
|---|---|---|---|---|---|
| Japan 10Y | 121.3 bp | +46.0 bp | +151.3 bp | Compare | |
| France 10Y | -52.3 bp | -0.5 bp | -15.6 bp | Compare | |
| United Kingdom 10Y | -86.2 bp | +8.6 bp | +30.3 bp | Compare | |
| Spain 10Y | -111.8 bp | -0.6 bp | -36.5 bp | Compare | |
| China 10Y | -140.5 bp | +36.9 bp | +166.4 bp | Compare | |
| United States 10Y | -172.1 bp | +4.6 bp | +0.0 bp | Compare | |
| Canada 10Y | -189.2 bp | -7.8 bp | -17.4 bp | Compare | |
| Italy 10Y | -211.7 bp | -19.7 bp | -75.6 bp | Compare | |
| Australia 10Y | -232.9 bp | -5.6 bp | -49.3 bp | Compare | |
| India 10Y | -600.3 bp | +37.1 bp | +70.4 bp | Compare | |
| Russia 10Y | -726.9 bp | +126.5 bp | +138.8 bp | Compare | |
| Brazil 10Y | -1122.7 bp | +23.0 bp | -29.1 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.
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| Residual Maturity |
Yield | Bond Price - with different Coupon Rates | Fx | ||||||
|---|---|---|---|---|---|---|---|---|---|
| 0% | 1% | 3% | 5% | 7% | 9% | ||||
| 30 years | 1.690% | 60.49 | 83.87 | 130.63 | 177.39 | 224.15 | 270.92 | ||
| 25 years | 1.638% | 66.62 | 87.00 | 127.76 | 168.51 | 209.27 | 250.03 | ||
| 20 years | 1.677% | 71.70 | 88.57 | 122.32 | 156.06 | 189.81 | 223.55 | ||
| 15 years | 1.698% | 77.68 | 90.83 | 117.11 | 143.40 | 169.69 | 195.98 | ||
| 10 years | 1.441% | 86.67 | 95.92 | 114.42 | 132.92 | 151.43 | 169.93 | ||
| 9 years | 1.357% | 88.58 | 96.99 | 113.83 | 130.67 | 147.51 | 164.34 | ||
| 8 years | 1.300% | 90.18 | 97.73 | 112.84 | 127.94 | 143.04 | 158.15 | ||
| 7 years | 1.255% | 91.64 | 98.30 | 111.62 | 124.95 | 138.27 | 151.59 | ||
| 6 years | 1.216% | 93.00 | 98.76 | 110.26 | 121.77 | 133.27 | 144.78 | ||
| 5 years | 1.154% | 94.42 | 99.26 | 108.92 | 118.58 | 128.24 | 137.91 | ||
| 4 years | 1.004% | 96.08 | 99.99 | 107.79 | 115.59 | 123.40 | 131.20 | ||
| 3 years | 0.897% | 97.36 | 100.30 | 106.20 | 112.09 | 117.99 | 123.88 | ||
| 2 years | 0.793% | 98.43 | 100.41 | 104.36 | 108.31 | 112.27 | 116.22 | ||
| 1 year | 0.496% | 99.51 | 100.50 | 102.49 | 104.48 | 106.47 | 108.46 | ||
| Maturity Date | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | |||