COUNTRY •
ITALY
Last Update: 6 Oct 2022 8:15 GMT+0
The Italy 10Y Government Bond has a 4.479% yield.
10 Years vs 2 Years bond spread is 165.8 bp. Normal Convexity in Long-Term vs Short-Term Maturities.
Central Bank Rate is 1.25% (last modification in September 2022).
The Italy credit rating is BBB, according to Standard & Poor's agency.
Current 5-Years Credit Default Swap quotation is 144.20 and implied probability of default is 2.40%.
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 | 0.318% | -5.9 bp | +106.5 bp | 06 Oct | |||||
| 3 months | 0.730% | +29.8 bp | +135.0 bp | 06 Oct | |||||
| 6 months | 1.732% | +56.7 bp | +223.5 bp | 06 Oct | |||||
| 9 months | 1.847% | +46.7 bp | +221.0 bp | 06 Oct | |||||
| 1 year | 2.188% | +57.8 bp | +256.1 bp | 97.86 | -0.57 % | -2.50 % | 06 Oct | ||
| 2 years | 2.821% | +50.5 bp | +242.9 bp | 94.59 | -0.97 % | -4.67 % | 06 Oct | ||
| 3 years | 3.231% | +65.1 bp | +216.0 bp | 90.90 | -1.88 % | -6.14 % | 06 Oct | ||
| 4 years | 3.464% | +59.2 bp | +210.4 bp | 87.27 | -2.26 % | -7.88 % | 06 Oct | ||
| 5 years | 3.616% | +54.9 bp | +217.3 bp | 83.73 | -2.62 % | -10.05 % | 06 Oct | ||
| 6 years | 3.827% | +57.3 bp | +210.3 bp | 79.82 | -3.27 % | -11.56 % | 06 Oct | ||
| 7 years | 3.977% | +52.0 bp | +208.9 bp | 76.11 | -3.45 % | -13.25 % | 06 Oct | ||
| 8 years | 4.196% | +51.3 bp | +206.4 bp | 71.98 | -3.87 % | -14.79 % | 06 Oct | ||
| 9 years | 4.342% | +52.9 bp | +209.5 bp | 68.21 | -4.48 % | -16.68 % | 06 Oct | ||
| 10 years | 4.479% | +51.6 bp | +218.2 bp | 64.52 | -4.84 % | -19.03 % | 06 Oct | ||
| 15 years | 4.408% | +36.9 bp | +196.7 bp | 52.36 | -5.18 % | -24.82 % | 06 Oct | ||
| 20 years | 4.508% | +40.5 bp | +189.4 bp | 41.40 | -7.47 % | -30.64 % | 06 Oct | ||
| 25 years | 4.423% | +36.6 bp | n.a. | 33.89 | -8.41 % | n.a. | 06 Oct | ||
| 30 years | 4.251% | +28.2 bp | +154.4 bp | 28.68 | -7.81 % | -36.08 % | 06 Oct | ||
| 50 years | 4.149% | +32.8 bp | +118.2 bp | 13.10 | -14.60 % | -43.49 % | 06 Oct | ||
Last Update: 6 Oct 2022 8:15 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).
If data are not all visible, swipe table left
| Residual Maturity |
Yield | Spread vs Bond | Spread vs Central Bank Rate (1.25%) |
|||||
|---|---|---|---|---|---|---|---|---|
| 3 months | 1 year | 2 years | 5 years | 10 years | ||||
| 30 years | 4.251% | 300.1 bp | ||||||
| 10 years | 4.479% | 322.9 bp | ||||||
| 5 years | 3.616% | 236.6 bp | ||||||
| 2 years | 2.821% | 157.1 bp | ||||||
| 1 year | 2.188% | 93.8 bp | ||||||
| 3 months | 0.730% | -52.0 bp | ||||||
Focusing on 2 years Government Bond:
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| 2Y vs 1Y | 63.3 bp | Normal Convexity in Short-Term Maturities | ||
| 5Y vs 2Y | 79.5 bp | Normal Convexity in Mid-Term vs Short-Term Maturities | ||
| 10Y vs 2Y | 165.8 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 | 1.25% |
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 | 144.20 | 0.00 % | -7.92 % | +95.13 % | 2.40 % |
(*) 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 4.479% 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 | 423.9 bp | +51.4 bp | +217.9 bp | Compare | |
| Germany 10Y | 242.6 bp | +8.2 bp | +77.6 bp | Compare | |
| France 10Y | 182.3 bp | +6.6 bp | +71.0 bp | Compare | |
| China 10Y | 172.9 bp | +39.3 bp | +223.2 bp | Compare | |
| Spain 10Y | 122.2 bp | +7.5 bp | +59.8 bp | Compare | |
| Canada 10Y | 118.8 bp | +41.4 bp | +142.0 bp | Compare | |
| United States 10Y | 70.0 bp | +7.9 bp | +100.1 bp | Compare | |
| Australia 10Y | 67.9 bp | +45.9 bp | +132.0 bp | Compare | |
| United Kingdom 10Y | 34.6 bp | -54.8 bp | -21.6 bp | Compare | |
| India 10Y | -298.2 bp | +23.4 bp | +163.8 bp | Compare | |
| Russia 10Y | -532.1 bp | +5.6 bp | +415.2 bp | Compare | |
| Brazil 10Y | -727.7 bp | +78.7 bp | +189.6 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 | 4.149% | 13.10 | 34.04 | 75.93 | 117.82 | 159.71 | 201.60 | ||
| 30 years | 4.251% | 28.68 | 45.46 | 79.01 | 112.57 | 146.12 | 179.67 | ||
| 25 years | 4.423% | 33.89 | 48.84 | 78.73 | 108.62 | 138.51 | 168.40 | ||
| 20 years | 4.508% | 41.40 | 54.40 | 80.40 | 106.40 | 132.39 | 158.39 | ||
| 15 years | 4.408% | 52.36 | 63.17 | 84.78 | 106.40 | 128.01 | 149.63 | ||
| 10 years | 4.479% | 64.52 | 72.44 | 88.28 | 104.13 | 119.97 | 135.81 | ||
| 9 years | 4.342% | 68.21 | 75.53 | 90.18 | 104.82 | 119.46 | 134.10 | ||
| 8 years | 4.196% | 71.98 | 78.66 | 92.01 | 105.37 | 118.73 | 132.08 | ||
| 7 years | 3.977% | 76.11 | 82.12 | 94.13 | 106.15 | 118.16 | 130.17 | ||
| 6 years | 3.827% | 79.82 | 85.10 | 95.64 | 106.18 | 116.73 | 127.27 | ||
| 5 years | 3.616% | 83.73 | 88.23 | 97.23 | 106.23 | 115.23 | 124.23 | ||
| 4 years | 3.464% | 87.27 | 90.94 | 98.29 | 105.65 | 113.00 | 120.35 | ||
| 3 years | 3.231% | 90.90 | 93.72 | 99.35 | 104.98 | 110.61 | 116.25 | ||
| 2 years | 2.821% | 94.59 | 96.51 | 100.34 | 104.18 | 108.02 | 111.85 | ||
| 1 year | 2.188% | 97.86 | 98.84 | 100.79 | 102.75 | 104.71 | 106.67 | ||
| Maturity Date | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | |||