COUNTRY •
ITALY
Last Update: 9 Feb 2023 0:23 GMT+0
The Italy 10Y Government Bond has a 4.209% yield.
10 Years vs 2 Years bond spread is 95.2 bp. Normal Convexity in Long-Term vs Short-Term Maturities.
Central Bank Rate is 3.00% (last modification in February 2023).
The Italy credit rating is BBB, according to Standard & Poor's agency.
Current 5-Years Credit Default Swap quotation is 92.58 and implied probability of default is 1.54%.
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 | 2.274% | +38.7 bp | +226.4 bp | 09 Feb | |||||
| 3 months | 2.413% | +58.8 bp | +240.3 bp | 09 Feb | |||||
| 6 months | 2.849% | +31.1 bp | +225.6 bp | 09 Feb | |||||
| 9 months | 2.969% | +19.6 bp | +229.4 bp | 09 Feb | |||||
| 1 year | 3.077% | -9.5 bp | +219.5 bp | 97.01 | +0.08 % | -2.14 % | 09 Feb | ||
| 2 years | 3.257% | +17.9 bp | +189.9 bp | 93.79 | -0.35 % | -3.65 % | 08 Feb | ||
| 3 years | 3.383% | +9.8 bp | +163.9 bp | 90.50 | -0.29 % | -4.69 % | 09 Feb | ||
| 4 years | 3.544% | +15.8 bp | +152.8 bp | 87.00 | -0.61 % | -5.77 % | 09 Feb | ||
| 5 years | 3.599% | -2.3 bp | +140.7 bp | 83.80 | +0.12 % | -6.61 % | 09 Feb | ||
| 6 years | 3.685% | +0.4 bp | +130.4 bp | 80.48 | -0.02 % | -7.31 % | 09 Feb | ||
| 7 years | 3.882% | +7.8 bp | +131.0 bp | 76.60 | -0.52 % | -8.49 % | 09 Feb | ||
| 8 years | 3.969% | -2.5 bp | +118.9 bp | 73.24 | +0.19 % | -8.79 % | 09 Feb | ||
| 9 years | 4.102% | +2.0 bp | +119.3 bp | 69.64 | -0.17 % | -9.85 % | 08 Feb | ||
| 10 years | 4.209% | +1.6 bp | +113.1 bp | 66.21 | -0.17 % | -10.35 % | 09 Feb | ||
| 15 years | 4.323% | +1.2 bp | +113.8 bp | 53.00 | -0.17 % | -15.17 % | 09 Feb | ||
| 20 years | 4.438% | +0.5 bp | +115.6 bp | 41.96 | -0.10 % | -19.95 % | 09 Feb | ||
| 25 years | 4.310% | -5.0 bp | +105.2 bp | 34.82 | +1.19 % | -22.38 % | 09 Feb | ||
| 30 years | 4.290% | +4.3 bp | +104.7 bp | 28.36 | -1.22 % | -26.13 % | 09 Feb | ||
| 50 years | 4.063% | -4.2 bp | +85.7 bp | 13.65 | +2.02 % | -33.87 % | 09 Feb | ||
Last Update: 9 Feb 2023 0:23 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).
If data are not all visible, swipe table left
| Residual Maturity |
Yield | Spread vs Bond | Spread vs Central Bank Rate (3.00%) |
|||||
|---|---|---|---|---|---|---|---|---|
| 3 months | 1 year | 2 years | 5 years | 10 years | ||||
| 30 years | 4.290% | 129.0 bp | ||||||
| 10 years | 4.209% | 120.9 bp | ||||||
| 5 years | 3.599% | 59.9 bp | ||||||
| 2 years | 3.257% | 25.7 bp | ||||||
| 1 year | 3.077% | 7.7 bp | ||||||
| 3 months | 2.413% | -58.7 bp | ||||||
Focusing on 2 years Government Bond:
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| 2Y vs 1Y | 18 bp | Normal Convexity in Short-Term Maturities | ||
| 5Y vs 2Y | 34.2 bp | Normal Convexity in Mid-Term vs Short-Term Maturities | ||
| 10Y vs 2Y | 95.2 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 | 3.00% |
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 | 92.58 | -11.78 % | -25.73 % | -10.72 % | 1.54 % |
(*) 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 4.209% 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 | 372.1 bp | +2.6 bp | +81.1 bp | Compare | |
| Germany 10Y | 184.7 bp | -11.3 bp | -31.1 bp | Compare | |
| France 10Y | 140.3 bp | -5.4 bp | -19.8 bp | Compare | |
| China 10Y | 129.0 bp | +0.2 bp | +96.0 bp | Compare | |
| Canada 10Y | 117.3 bp | +8.5 bp | +80.6 bp | Compare | |
| United Kingdom 10Y | 87.4 bp | +21.3 bp | -21.3 bp | Compare | |
| Spain 10Y | 83.9 bp | -7.4 bp | -17.6 bp | Compare | |
| United States 10Y | 61.1 bp | -5.4 bp | +31.9 bp | Compare | |
| Australia 10Y | 60.2 bp | +11.0 bp | +75.0 bp | Compare | |
| India 10Y | -313.5 bp | +1.4 bp | +113.5 bp | Compare | |
| Russia 10Y | -647.1 bp | -32.4 bp | -49.9 bp | Compare | |
| Brazil 10Y | -909.7 bp | -28.8 bp | -3.6 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 | 4.063% | 13.65 | 34.90 | 77.41 | 119.91 | 162.42 | 204.92 | ||
| 30 years | 4.290% | 28.36 | 45.06 | 78.46 | 111.86 | 145.25 | 178.65 | ||
| 25 years | 4.310% | 34.82 | 49.94 | 80.19 | 110.43 | 140.68 | 170.92 | ||
| 20 years | 4.438% | 41.96 | 55.04 | 81.19 | 107.35 | 133.51 | 159.66 | ||
| 15 years | 4.323% | 53.00 | 63.87 | 85.62 | 107.36 | 129.10 | 150.85 | ||
| 10 years | 4.209% | 66.21 | 74.24 | 90.30 | 106.35 | 122.40 | 138.46 | ||
| 9 years | 4.102% | 69.64 | 77.04 | 91.84 | 106.65 | 121.45 | 136.25 | ||
| 8 years | 3.969% | 73.24 | 79.98 | 93.47 | 106.95 | 120.43 | 133.92 | ||
| 7 years | 3.882% | 76.60 | 82.63 | 94.68 | 106.74 | 118.80 | 130.85 | ||
| 6 years | 3.685% | 80.48 | 85.78 | 96.37 | 106.96 | 117.56 | 128.15 | ||
| 5 years | 3.599% | 83.80 | 88.30 | 97.30 | 106.31 | 115.31 | 124.32 | ||
| 4 years | 3.544% | 87.00 | 90.67 | 98.00 | 105.34 | 112.68 | 120.02 | ||
| 3 years | 3.383% | 90.50 | 93.31 | 98.92 | 104.54 | 110.16 | 115.77 | ||
| 2 years | 3.257% | 93.79 | 95.70 | 99.51 | 103.32 | 107.14 | 110.95 | ||
| 1 year | 3.077% | 97.01 | 97.99 | 99.93 | 101.87 | 103.81 | 105.75 | ||
| Maturity Date | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | |||