Hungary Government Bonds - Yields Curve

COUNTRY • SUMMARY
HUNGARY
Last Update: 13 Apr 2024 11:23 GMT+0

The Hungary 10Y Government Bond has a 6.910% yield.

Central Bank Rate is 8.25% (last modification in March 2024).

The Hungary credit rating is BBB-, according to Standard & Poor's agency.

Current 5-Years Credit Default Swap quotation is 85.59 and implied probability of default is 1.43%.

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Hungary Yield Curve

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
3 months 6.620% -18.0 bp -112.0 bp 13 Apr
6 months 6.880% +13.0 bp -175.0 bp 13 Apr
1 year 6.970% +23.0 bp -166.0 bp 93.48 -0.22 % +1.54 % 13 Apr
3 years 6.980% +54.0 bp -134.0 bp 81.68 -1.50 % +3.81 % 13 Apr
5 years 6.980% +70.0 bp -49.0 bp 71.37 -3.23 % +2.32 % 13 Apr
10 years 6.910% +37.0 bp -51.0 bp 51.26 -3.41 % +4.87 % 13 Apr
15 years 6.910% +37.0 bp -46.0 bp 36.70 -5.07 % +6.62 % 13 Apr
20 years 6.920% +37.0 bp -46.0 bp 26.23 -6.69 % +8.97 % 13 Apr
Last Update: 13 Apr 2024 11:23 GMT+0

Hungary Yield 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).

If data are not all visible, swipe table left
Residual
Maturity
Yield Spread vs Bond Spread vs
Central Bank
Rate (8.25%)
3 months 1 year 5 years
10 years 6.910% -134.0 bp
5 years 6.980%
-127.0 bp
1 year 6.970%
-128.0 bp
3 months 6.620%
-163.0 bp

Hungary 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 Hungary Credit Ratings History

Rating Agency Rating Outlook
Standard & Poor's BBB- -
Moody's Investors Service Baa2 -
Fitch Ratings BBB negative
DBRS - -

Hungary 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 8.25%

Hungary 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 Implied PD(*)
5 Years CDS 85.59 0.00 % -2.95 % 1.43 %
(*) Implied probability of default, calculated on the hypothesis of a 40% recovery rate.

Hungary 10Y Bond Yield Spread

The Hungary 10Y Government Bond has a 6.910% yield.

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
Hungary 10Y vs Current Spread Chg 1M Chg 6M Compare
Countries
vs Japan 10Y 606.9 bp +28.5 bp -59.3 bp
vs China 10Y 461.9 bp +42.4 bp -8.1 bp
vs Germany 10Y 454.2 bp +36.8 bp -15.4 bp
vs France 10Y 403.9 bp +30.4 bp -6.9 bp
vs Spain 10Y 370.7 bp +32.5 bp +16.3 bp
vs Canada 10Y 323.0 bp +14.0 bp -17.6 bp
vs Italy 10Y 317.3 bp +23.5 bp +56.5 bp
vs United Kingdom 10Y 278.0 bp +25.6 bp -25.9 bp
vs Australia 10Y 265.1 bp +18.1 bp -33.1 bp
vs United States 10Y 239.3 bp +4.1 bp -40.5 bp
vs India 10Y -26.9 bp +23.0 bp -36.9 bp
vs Brazil 10Y -446.8 bp -31.7 bp -8.2 bp
vs Russia 10Y -739.0 bp -58.0 bp -259.0 bp

Hungary 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%
20 years 6.920% 26.23 36.89 58.21 79.53 100.85 122.17
15 years 6.910% 36.70 45.86 64.18 82.50 100.82 119.14
10 years 6.910% 51.26 58.32 72.42 86.53 100.63 114.74
5 years 6.980% 71.37 75.47 83.67 91.88 100.08 108.29
3 years 6.980% 81.68 84.30 89.55 94.80 100.05 105.30
1 year 6.970% 93.48 94.42 96.29 98.16 100.03 101.90
Maturity Date 100.00 100.00 100.00 100.00 100.00 100.00

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