COUNTRY •
ITALY
Last Update: 27 Jun 2022 5:15 GMT+0
The Italy 10Y Government Bond has a 3.558% yield.
10 Years vs 2 Years bond spread is 217.5 bp. Normal Convexity in Long-Term vs Short-Term Maturities.
Central Bank Rate is 0.00% (last modification in March 2016).
The Italy credit rating is BBB, according to Standard & Poor's agency.
Current 5-Years Credit Default Swap quotation is 133.80 and implied probability of default is 2.23%.
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 | -0.652% | -0.9 bp | +24.0 bp | 27 Jun | |||||
| 3 months | -0.311% | +31.1 bp | +39.5 bp | 27 Jun | |||||
| 6 months | 0.065% | +30.6 bp | +65.8 bp | 27 Jun | |||||
| 9 months | 0.377% | +43.0 bp | +92.3 bp | 27 Jun | |||||
| 1 year | 0.652% | +42.6 bp | +109.5 bp | 99.35 | -0.42 % | -1.09 % | 27 Jun | ||
| 2 years | 1.383% | +55.0 bp | +150.0 bp | 97.29 | -1.08 % | -2.93 % | 27 Jun | ||
| 3 years | 2.121% | +55.6 bp | +203.1 bp | 93.90 | -1.62 % | -5.85 % | 27 Jun | ||
| 4 years | 2.422% | +55.6 bp | +222.6 bp | 90.87 | -2.15 % | -8.42 % | 27 Jun | ||
| 5 years | 2.635% | +59.5 bp | +224.0 bp | 87.81 | -2.87 % | -10.44 % | 27 Jun | ||
| 6 years | 2.807% | +59.9 bp | +226.3 bp | 84.70 | -3.44 % | -12.50 % | 27 Jun | ||
| 7 years | 3.047% | +59.7 bp | +241.5 bp | 81.05 | -3.98 % | -15.30 % | 27 Jun | ||
| 8 years | 3.285% | +55.5 bp | +253.0 bp | 77.22 | -4.22 % | -17.99 % | 27 Jun | ||
| 9 years | 3.415% | +55.5 bp | +242.4 bp | 73.92 | -4.73 % | -19.22 % | 27 Jun | ||
| 10 years | 3.558% | +66.2 bp | +243.9 bp | 70.50 | -6.20 % | -21.20 % | 27 Jun | ||
| 15 years | 3.655% | +55.1 bp | +213.7 bp | 58.36 | -7.69 % | -26.84 % | 27 Jun | ||
| 20 years | 3.765% | +50.7 bp | +204.1 bp | 47.75 | -9.34 % | -32.78 % | 27 Jun | ||
| 25 years | 3.750% | +53.3 bp | n.a. | 39.84 | -12.07 % | n.a. | 27 Jun | ||
| 30 years | 3.750% | +44.0 bp | +179.6 bp | 33.14 | -11.98 % | -40.78 % | 27 Jun | ||
| 50 years | 3.901% | +50.5 bp | +159.4 bp | 14.76 | -21.61 % | -53.83 % | 27 Jun | ||
Last Update: 27 Jun 2022 5:15 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).
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| Residual Maturity |
Yield | Spread vs Bond | Spread vs Central Bank Rate (0.00%) |
|||||
|---|---|---|---|---|---|---|---|---|
| 3 months | 1 year | 2 years | 5 years | 10 years | ||||
| 30 years | 3.750% | 375.0 bp | ||||||
| 10 years | 3.558% | 355.8 bp | ||||||
| 5 years | 2.635% | 263.5 bp | ||||||
| 2 years | 1.383% | 138.3 bp | ||||||
| 1 year | 0.652% | 65.2 bp | ||||||
| 3 months | -0.311% | -31.1 bp | ||||||
Focusing on 2 years Government Bond:
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| 2Y vs 1Y | 73.1 bp | Normal Convexity in Short-Term Maturities | ||
| 5Y vs 2Y | 125.2 bp | Normal Convexity in Mid-Term vs Short-Term Maturities | ||
| 10Y vs 2Y | 217.5 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
|
positive |
| Moody's Investors Service |
Baa3
|
- |
| 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 | 0.00% |
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 | 133.80 | +3.00 % | +6.44 % | +77.45 % | 2.23 % |
(*) 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 3.558% 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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| Italy 10Y vs | Current Spread | Chg 1M | Chg 6M | ||
|---|---|---|---|---|---|
| Japan 10Y | 333.0 bp | +65.7 bp | +226.9 bp | Compare | |
| Germany 10Y | 211.7 bp | +19.7 bp | +75.6 bp | Compare | |
| France 10Y | 159.4 bp | +19.2 bp | +60.0 bp | Compare | |
| United Kingdom 10Y | 125.5 bp | +28.3 bp | +105.9 bp | Compare | |
| Spain 10Y | 99.9 bp | +19.1 bp | +39.1 bp | Compare | |
| China 10Y | 71.2 bp | +56.6 bp | +242.0 bp | Compare | |
| United States 10Y | 39.6 bp | +24.3 bp | +75.6 bp | Compare | |
| Canada 10Y | 22.5 bp | +11.9 bp | +58.2 bp | Compare | |
| Australia 10Y | -21.2 bp | +14.1 bp | +26.3 bp | Compare | |
| India 10Y | -388.6 bp | +56.8 bp | +146.0 bp | Compare | |
| Russia 10Y | -515.2 bp | +146.2 bp | +214.4 bp | Compare | |
| Brazil 10Y | -911.0 bp | +42.7 bp | +46.5 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 | 3.901% | 14.76 | 36.61 | 80.31 | 124.01 | 167.72 | 211.42 | ||
| 30 years | 3.750% | 33.14 | 50.97 | 86.63 | 122.29 | 157.95 | 193.60 | ||
| 25 years | 3.750% | 39.84 | 55.89 | 87.97 | 120.06 | 152.15 | 184.24 | ||
| 20 years | 3.765% | 47.75 | 61.63 | 89.38 | 117.14 | 144.89 | 172.65 | ||
| 15 years | 3.655% | 58.36 | 69.76 | 92.54 | 115.32 | 138.10 | 160.89 | ||
| 10 years | 3.558% | 70.50 | 78.79 | 95.37 | 111.96 | 128.54 | 145.13 | ||
| 9 years | 3.415% | 73.92 | 81.56 | 96.83 | 112.11 | 127.38 | 142.66 | ||
| 8 years | 3.285% | 77.22 | 84.15 | 98.02 | 111.90 | 125.77 | 139.64 | ||
| 7 years | 3.047% | 81.05 | 87.27 | 99.71 | 112.15 | 124.58 | 137.02 | ||
| 6 years | 2.807% | 84.70 | 90.15 | 101.05 | 111.96 | 122.86 | 133.76 | ||
| 5 years | 2.635% | 87.81 | 92.43 | 101.69 | 110.94 | 120.20 | 129.46 | ||
| 4 years | 2.422% | 90.87 | 94.64 | 102.18 | 109.72 | 117.25 | 124.79 | ||
| 3 years | 2.121% | 93.90 | 96.77 | 102.53 | 108.28 | 114.04 | 119.79 | ||
| 2 years | 1.383% | 97.29 | 99.25 | 103.17 | 107.09 | 111.01 | 114.92 | ||
| 1 year | 0.652% | 99.35 | 100.35 | 102.33 | 104.32 | 106.31 | 108.29 | ||
| Maturity Date | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | |||