COUNTRY •
ITALY
Last Update: 7 Jun 2023 23:23 GMT+0
The Italy 10Y Government Bond has a 4.293% yield.
10 Years vs 2 Years bond spread is 69.4 bp. Normal Convexity in Long-Term vs Short-Term Maturities.
Central Bank Rate is 3.75% (last modification in May 2023).
The Italy credit rating is BBB, according to Standard & Poor's agency.
Current 5-Years Credit Default Swap quotation is 98.51 and implied probability of default is 1.64%.
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 | 3.153% | +20.7 bp | +225.8 bp | 07 Jun | |||||
| 3 months | 3.275% | +11.8 bp | +206.0 bp | 07 Jun | |||||
| 6 months | 3.510% | +22.0 bp | +134.1 bp | 07 Jun | |||||
| 9 months | 3.566% | +29.9 bp | +125.3 bp | 07 Jun | |||||
| 1 year | 3.593% | +20.4 bp | +100.6 bp | 96.53 | -0.20 % | -0.97 % | 07 Jun | ||
| 2 years | 3.599% | +28.4 bp | +99.7 bp | 93.17 | -0.56 % | -1.92 % | 07 Jun | ||
| 3 years | 3.566% | +12.3 bp | +80.1 bp | 90.02 | -0.35 % | -2.30 % | 07 Jun | ||
| 4 years | 3.666% | +8.1 bp | +76.7 bp | 86.59 | -0.31 % | -2.93 % | 07 Jun | ||
| 5 years | 3.687% | +2.7 bp | +52.7 bp | 83.44 | -0.13 % | -2.51 % | 07 Jun | ||
| 6 years | 3.799% | -0.3 bp | +58.9 bp | 79.95 | +0.01 % | -3.36 % | 07 Jun | ||
| 7 years | 3.964% | -6.5 bp | +65.2 bp | 76.18 | +0.45 % | -4.31 % | 07 Jun | ||
| 8 years | 4.040% | -3.6 bp | +51.6 bp | 72.84 | +0.28 % | -3.91 % | 07 Jun | ||
| 9 years | 4.144% | -2.7 bp | +54.3 bp | 69.39 | +0.23 % | -4.59 % | 07 Jun | ||
| 10 years | 4.293% | +5.6 bp | +57.6 bp | 65.68 | -0.55 % | -5.39 % | 07 Jun | ||
| 15 years | 4.499% | -3.7 bp | +75.7 bp | 51.68 | +0.53 % | -10.32 % | 07 Jun | ||
| 20 years | 4.693% | -0.6 bp | +78.2 bp | 39.96 | +0.10 % | -13.93 % | 07 Jun | ||
| 25 years | 4.589% | -2.8 bp | +85.0 bp | 32.57 | +0.65 % | -18.45 % | 07 Jun | ||
| 30 years | 4.565% | -2.8 bp | +95.2 bp | 26.21 | +0.81 % | -23.98 % | 07 Jun | ||
| 50 years | 4.448% | +3.8 bp | +82.1 bp | 11.35 | -1.82 % | -32.60 % | 07 Jun | ||
Last Update: 7 Jun 2023 23:23 GMT+0
Italy 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%) |
|||||
|---|---|---|---|---|---|---|---|---|
| 3 months | 1 year | 2 years | 5 years | 10 years | ||||
| 30 years | 4.565% | 81.5 bp | ||||||
| 10 years | 4.293% | 54.3 bp | ||||||
| 5 years | 3.687% | -6.3 bp | ||||||
| 2 years | 3.599% | -15.1 bp | ||||||
| 1 year | 3.593% | -15.7 bp | ||||||
| 3 months | 3.275% | -47.5 bp | ||||||
Focusing on 2 years Government Bond:
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| 2Y vs 1Y | 0.6 bp | Yield Curve is flat in Short-Term Maturities | ||
| 5Y vs 2Y | 8.8 bp | Yield Curve is flat in Mid-Term vs Short-Term Maturities | ||
| 10Y vs 2Y | 69.4 bp | Normal Convexity in Long-Term vs Short-Term Maturities |
Readings that may interest you
Italy 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
Italy Credit Ratings History
| Rating Agency | Rating | Outlook |
|---|---|---|
| Standard & Poor's |
BBB
|
- |
| Moody's Investors Service |
Baa3
|
negative |
| Fitch Ratings |
BBB
|
- |
| DBRS |
BBB (high)
|
- |
Italy 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% |
Italy 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 | 98.51 | -6.13 % | -12.67 % | -23.10 % | 1.64 % |
(*) Implied probability of default, calculated on the hypothesis of a 40% recovery rate.
Italy 10Y Bond Yield Spread
The Italy 10Y Government Bond has a 4.293% 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
| Italy 10Y vs | Current Spread | Chg 1M | Chg 6M | ||
|---|---|---|---|---|---|
| Japan 10Y | 387.0 bp | +4.7 bp | +40.6 bp | Compare | |
| Germany 10Y | 183.8 bp | -8.3 bp | -4.1 bp | Compare | |
| China 10Y | 157.3 bp | +10.0 bp | +76.2 bp | Compare | |
| France 10Y | 128.5 bp | -3.6 bp | -12.8 bp | Compare | |
| Canada 10Y | 82.6 bp | -41.5 bp | -7.8 bp | Compare | |
| Spain 10Y | 81.2 bp | -0.8 bp | -7.4 bp | Compare | |
| United States 10Y | 49.6 bp | -22.4 bp | +27.0 bp | Compare | |
| Australia 10Y | 32.6 bp | -43.6 bp | -2.7 bp | Compare | |
| United Kingdom 10Y | 3.5 bp | -43.0 bp | -58.7 bp | Compare | |
| India 10Y | -268.9 bp | +12.1 bp | +88.2 bp | Compare | |
| Russia 10Y | -652.7 bp | -12.4 bp | -11.4 bp | Compare | |
| Brazil 10Y | -680.4 bp | +120.4 bp | +246.5 bp | Compare |
Italy 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% | ||||
| 50 years | 4.448% | 11.35 | 31.28 | 71.14 | 111.00 | 150.86 | 190.72 | ||
| 30 years | 4.565% | 26.21 | 42.37 | 74.70 | 107.03 | 139.36 | 171.69 | ||
| 25 years | 4.589% | 32.57 | 47.27 | 76.65 | 106.04 | 135.43 | 164.81 | ||
| 20 years | 4.693% | 39.96 | 52.76 | 78.34 | 103.93 | 129.51 | 155.10 | ||
| 15 years | 4.499% | 51.68 | 62.42 | 83.90 | 105.38 | 126.86 | 148.34 | ||
| 10 years | 4.293% | 65.68 | 73.68 | 89.66 | 105.65 | 121.64 | 137.63 | ||
| 9 years | 4.144% | 69.39 | 76.78 | 91.55 | 106.32 | 121.10 | 135.87 | ||
| 8 years | 4.040% | 72.84 | 79.57 | 93.01 | 106.45 | 119.90 | 133.34 | ||
| 7 years | 3.964% | 76.18 | 82.19 | 94.21 | 106.23 | 118.25 | 130.27 | ||
| 6 years | 3.799% | 79.95 | 85.23 | 95.78 | 106.34 | 116.89 | 127.44 | ||
| 5 years | 3.687% | 83.44 | 87.93 | 96.91 | 105.90 | 114.88 | 123.86 | ||
| 4 years | 3.666% | 86.59 | 90.25 | 97.56 | 104.88 | 112.20 | 119.52 | ||
| 3 years | 3.566% | 90.02 | 92.82 | 98.42 | 104.01 | 109.61 | 115.20 | ||
| 2 years | 3.599% | 93.17 | 95.07 | 98.86 | 102.66 | 106.45 | 110.25 | ||
| 1 year | 3.593% | 96.53 | 97.50 | 99.43 | 101.36 | 103.29 | 105.22 | ||
| Maturity Date | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | |||