COUNTRY •
IRELAND
Last Update: 1 Jun 2023 17:15 GMT+0
The Ireland 10Y Government Bond has a 2.684% yield.
10 Years vs 2 Years bond spread is -14.5 bp. Yield Curve is inverted in Long-Term vs Short-Term Maturities.
Central Bank Rate is 3.75% (last modification in May 2023).
The Ireland credit rating is AA, according to Standard & Poor's agency.
Current 5-Years Credit Default Swap quotation is 25.67 and implied probability of default is 0.43%.
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 year | 2.979% | -4.8 bp | +109.2 bp | 97.11 | +0.05 % | -1.06 % | 01 Jun | ||
2 years | 2.829% | +9.8 bp | +81.2 bp | 94.57 | -0.19 % | -1.57 % | 01 Jun | ||
3 years | 2.703% | +4.0 bp | +52.5 bp | 92.31 | -0.12 % | -1.53 % | 01 Jun | ||
4 years | 2.610% | -0.8 bp | +68.6 bp | 90.21 | +0.03 % | -2.64 % | 01 Jun | ||
5 years | 2.562% | -2.1 bp | +50.9 bp | 88.12 | +0.10 % | -2.46 % | 01 Jun | ||
6 years | 2.615% | +8.8 bp | +50.5 bp | 85.65 | -0.51 % | -2.91 % | 01 Jun | ||
7 years | 2.599% | +5.2 bp | +47.2 bp | 83.56 | -0.36 % | -3.17 % | 01 Jun | ||
8 years | 2.576% | -4.4 bp | +44.1 bp | 81.59 | +0.34 % | -3.39 % | 01 Jun | ||
9 years | 2.699% | -0.6 bp | n.a. | 78.69 | +0.05 % | n.a. | 01 Jun | ||
10 years | 2.684% | -2.7 bp | +45.6 bp | 76.73 | +0.26 % | -4.35 % | 01 Jun | ||
15 years | 3.063% | +3.1 bp | +56.5 bp | 63.60 | -0.45 % | -7.92 % | 01 Jun | ||
20 years | 3.169% | -1.5 bp | +65.1 bp | 53.58 | +0.28 % | -11.89 % | 01 Jun | ||
25 years | 3.216% | -0.9 bp | +65.4 bp | 45.32 | +0.22 % | -14.70 % | 01 Jun | ||
30 years | 3.226% | +2.0 bp | +75.9 bp | 38.58 | -0.57 % | -19.86 % | 01 Jun |
Last Update: 1 Jun 2023 17:15 GMT+0
Ireland 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 (3.75%) |
||||
---|---|---|---|---|---|---|---|
1 year | 2 years | 5 years | 10 years | ||||
30 years | 3.226% | -52.4 bp | |||||
10 years | 2.684% | -106.6 bp | |||||
5 years | 2.562% | -118.8 bp | |||||
2 years | 2.829% | -92.1 bp | |||||
1 year | 2.979% | -77.1 bp |
Focusing on 2 years Government Bond:
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2Y vs 1Y | -15 bp | Yield Curve is inverted in Short-Term Maturities | ||
5Y vs 2Y | -26.7 bp | Yield Curve is inverted in Mid-Term vs Short-Term Maturities | ||
10Y vs 2Y | -14.5 bp | Yield Curve is inverted in Long-Term vs Short-Term Maturities |
Readings that may interest you
Ireland 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
Ireland Credit Ratings History
Rating Agency | Rating | Outlook |
---|---|---|
Standard & Poor's |
AA
|
- |
Moody's Investors Service |
Aa3
|
- |
Fitch Ratings |
AA-
|
- |
DBRS |
AA (low)
|
- |
Ireland 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 | 3.75% |
Ireland 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 | 25.67 | +4.56 % | -7.68 % | +51.02 % | 0.43 % |
(*) Implied probability of default, calculated on the hypothesis of a 40% recovery rate.
Ireland 10Y Bond Yield Spread
The Ireland 10Y Government Bond has a 2.684% 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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Ireland 10Y vs | Current Spread | Chg 1M | Chg 6M | ||
---|---|---|---|---|---|
Japan 10Y | 226.9 bp | -3.9 bp | +29.3 bp | Compare | |
Germany 10Y | 43.3 bp | +3.6 bp | -0.5 bp | Compare | |
China 10Y | -3.5 bp | +4.8 bp | +64.4 bp | Compare | |
France 10Y | -13.2 bp | +4.5 bp | -10.1 bp | Compare | |
Canada 10Y | -50.4 bp | -21.8 bp | +11.1 bp | Compare | |
Spain 10Y | -59.9 bp | +8.5 bp | -1.0 bp | Compare | |
Australia 10Y | -91.3 bp | -19.0 bp | +30.4 bp | Compare | |
United States 10Y | -93.3 bp | -5.7 bp | +34.9 bp | Compare | |
Italy 10Y | -131.7 bp | +16.7 bp | +16.4 bp | Compare | |
United Kingdom 10Y | -148.0 bp | -46.9 bp | -61.3 bp | Compare | |
India 10Y | -429.5 bp | +11.0 bp | +68.7 bp | Compare | |
Russia 10Y | -808.6 bp | -17.7 bp | -17.4 bp | Compare | |
Brazil 10Y | -884.2 bp | +81.2 bp | +165.4 bp | Compare |
Ireland 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 | 3.226% | 38.58 | 57.62 | 95.70 | 133.78 | 171.86 | 209.94 | ||
25 years | 3.216% | 45.32 | 62.32 | 96.33 | 130.33 | 164.33 | 198.34 | ||
20 years | 3.169% | 53.58 | 68.23 | 97.52 | 126.82 | 156.12 | 185.41 | ||
15 years | 3.063% | 63.60 | 75.48 | 99.25 | 123.02 | 146.79 | 170.55 | ||
10 years | 2.684% | 76.73 | 85.40 | 102.74 | 120.08 | 137.42 | 154.76 | ||
9 years | 2.699% | 78.69 | 86.58 | 102.38 | 118.17 | 133.96 | 149.76 | ||
8 years | 2.576% | 81.59 | 88.74 | 103.03 | 117.32 | 131.62 | 145.91 | ||
7 years | 2.599% | 83.56 | 89.89 | 102.54 | 115.19 | 127.84 | 140.49 | ||
6 years | 2.615% | 85.65 | 91.14 | 102.11 | 113.09 | 124.06 | 135.03 | ||
5 years | 2.562% | 88.12 | 92.76 | 102.03 | 111.31 | 120.58 | 129.86 | ||
4 years | 2.610% | 90.21 | 93.96 | 101.46 | 108.97 | 116.47 | 123.98 | ||
3 years | 2.703% | 92.31 | 95.16 | 100.84 | 106.53 | 112.22 | 117.91 | ||
2 years | 2.829% | 94.57 | 96.49 | 100.33 | 104.16 | 108.00 | 111.84 | ||
1 year | 2.979% | 97.11 | 98.08 | 100.02 | 101.96 | 103.90 | 105.85 | ||
Maturity Date | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 |