COUNTRY • GREECE
Last Update: 26 Sep 2023 23:23 GMT+0

The Greece 10Y Government Bond has a 4.399% yield.

10 Years vs 2 Years bond spread is 74.5 bp.
Normal Convexity in Long-Term vs Short-Term Maturities.

Central Bank Rate is 4.50% (last modification in September 2023).

The Greece credit rating is BB+, according to Standard & Poor's agency.

Current 5-Years Credit Default Swap quotation is 83.19 and implied probability of default is 1.39%.

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 9.018% +216.5 bp -900.0 bp 26 Sep
3 months 4.251% +34.3 bp +51.5 bp 26 Sep
6 months 3.705% +22.9 bp +97.7 bp 26 Sep
1 year 3.450% +28.8 bp +17.3 bp 96.67 -0.27 % -0.17 % 26 Sep
2 years 3.654% +39.4 bp +46.2 bp 93.07 -0.77 % -0.89 % 26 Sep
5 years 3.867% +34.4 bp +22.7 bp 82.72 -1.64 % -1.09 % 26 Sep
7 years 4.091% +37.3 bp +27.5 bp 75.53 -2.48 % -1.83 % 26 Sep
10 years 4.399% +50.3 bp +20.9 bp 65.02 -4.72 % -1.97 % 26 Sep
15 years 4.601% +44.1 bp +33.3 bp 50.93 -6.14 % -4.66 % 26 Sep
20 years 4.673% +44.3 bp +41.8 bp 40.11 -8.15 % -7.71 % 26 Sep
30 years 4.713% +43.3 bp +39.8 bp 25.12 -11.67 % -10.80 % 26 Sep
Last Update: 26 Sep 2023 23:23 GMT+0

Greece 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 (4.50%)
3 months 1 year 2 years 5 years 10 years
30 years 4.713% 21.3 bp
10 years 4.399%
-10.1 bp
5 years 3.867%
-63.3 bp
2 years 3.654%
-84.6 bp
1 year 3.450%
-105.0 bp
3 months 4.251%
-24.9 bp
Focusing on 2 years Government Bond:
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2Y vs 1Y 20.4 bp Normal Convexity in Short-Term Maturities
5Y vs 2Y 21.3 bp Normal Convexity in Mid-Term vs Short-Term Maturities
10Y vs 2Y 74.5 bp Normal Convexity in Long-Term vs Short-Term Maturities

Greece 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 Greece Credit Ratings History
Rating Agency Rating Outlook
Standard & Poor's
BB+
positive
Moody's Investors Service
Ba1
-
Fitch Ratings
BB+
-
DBRS
BBB (low)
-

Greece 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 4.50%

Greece 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 83.19 +12.88 % +15.06 % -50.27 % 1.39 %
(*) Implied probability of default, calculated on the hypothesis of a 40% recovery rate.

Greece 10Y Bond Yield Spread

The Greece 10Y Government Bond has a 4.399% 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
Greece 10Y vs Current Spread Chg 1M Chg 6M
Japan 10Y 367.4 bp +42.9 bp -21.7 bp Compare
China 10Y 166.9 bp +35.5 bp +35.3 bp Compare
Germany 10Y 158.6 bp +24.6 bp -38.1 bp Compare
France 10Y 103.3 bp +22.6 bp -38.8 bp Compare
Spain 10Y 48.9 bp +17.2 bp -39.3 bp Compare
Canada 10Y 33.1 bp +17.2 bp -93.9 bp Compare
United Kingdom 10Y 3.6 bp +58.3 bp -77.1 bp Compare
Australia 10Y -1.1 bp +23.5 bp -90.4 bp Compare
United States 10Y -14.4 bp +20.5 bp -79.1 bp Compare
Italy 10Y -37.6 bp -4.0 bp -48.5 bp Compare
India 10Y -274.7 bp +56.3 bp +37.5 bp Compare
Brazil 10Y -725.7 bp -4.1 bp +149.2 bp Compare
Russia 10Y -829.1 bp -24.7 bp -219.1 bp Compare

Greece 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 4.713% 25.12 41.01 72.78 104.56 136.34 168.11
20 years 4.673% 40.11 52.93 78.56 104.19 129.82 155.45
15 years 4.601% 50.93 61.59 82.92 104.26 125.59 146.92
10 years 4.399% 65.02 72.97 88.87 104.78 120.68 136.59
7 years 4.091% 75.53 81.51 93.47 105.44 117.40 129.37
5 years 3.867% 82.72 87.19 96.13 105.06 114.00 122.94
2 years 3.654% 93.07 94.97 98.76 102.55 106.34 110.13
1 year 3.450% 96.67 97.63 99.57 101.50 103.43 105.36
Maturity Date 100.00 100.00 100.00 100.00 100.00 100.00

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