COUNTRY • ICELAND
Last Update: 23 Mar 2023 18:23 GMT+0

The Iceland 10Y Government Bond has a 7.198% yield.

10 Years vs 2 Years bond spread is -110.4 bp.
Yield Curve is inverted in Long-Term vs Short-Term Maturities.

Central Bank Rate is 7.50% (last modification in March 2023).

The Iceland credit rating is A, according to Standard & Poor's agency.

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
2 years 8.302% +38.4 bp +196.7 bp 85.26 -0.70 % -3.60 % 23 Mar
5 years 8.101% +14.5 bp +184.6 bp 67.74 -0.67 % -8.25 % 23 Mar
10 years 7.198% +15.3 bp +122.7 bp 49.90 -1.42 % -10.88 % 23 Mar
Last Update: 23 Mar 2023 18:23 GMT+0

Iceland 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 (7.50%)
2 years 5 years
10 years 7.198% -30.2 bp
5 years 8.101%
60.1 bp
2 years 8.302%
80.2 bp
Focusing on 2 years Government Bond:
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5Y vs 2Y -20.1 bp Yield Curve is inverted in Mid-Term vs Short-Term Maturities
10Y vs 2Y -110.4 bp Yield Curve is inverted in Long-Term vs Short-Term Maturities

Iceland 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 Iceland Credit Ratings History
Rating Agency Rating Outlook
Standard & Poor's
A
-
Moody's Investors Service
A2
-
Fitch Ratings
A
-
DBRS
-
-

Iceland 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 7.50%

Iceland 10Y Bond Yield Spread

The Iceland 10Y Government Bond has a 7.198% 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
Iceland 10Y vs Current Spread Chg 1M Chg 6M
Japan 10Y 689.9 bp +35.4 bp +116.3 bp Compare
Germany 10Y 501.9 bp +44.1 bp +107.8 bp Compare
France 10Y 449.1 bp +38.8 bp +112.0 bp Compare
Canada 10Y 441.2 bp +72.8 bp +152.1 bp Compare
China 10Y 431.2 bp +20.8 bp +103.4 bp Compare
Spain 10Y 396.8 bp +43.3 bp +117.8 bp Compare
Australia 10Y 390.9 bp +74.9 bp +187.1 bp Compare
United Kingdom 10Y 381.5 bp +35.3 bp +165.6 bp Compare
United States 10Y 376.8 bp +60.9 bp +149.2 bp Compare
Italy 10Y 314.9 bp +49.1 bp +151.0 bp Compare
India 10Y -14.7 bp +19.9 bp +127.5 bp Compare
Russia 10Y -393.7 bp -0.2 bp +79.2 bp Compare
Brazil 10Y -587.5 bp +44.1 bp -12.3 bp Compare

Iceland 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%
10 years 7.198% 49.90 56.86 70.78 84.70 98.62 112.54
5 years 8.101% 67.74 71.72 79.69 87.65 95.62 103.58
2 years 8.302% 85.26 87.03 90.58 94.14 97.69 101.24
Maturity Date 100.00 100.00 100.00 100.00 100.00 100.00

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