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).
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 |
Readings that may interest you
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 | |||