COUNTRY •
MOROCCO
Last Update: 28 Jun 2022 8:15 GMT+0
The Morocco 10Y Government Bond has a 2.389% yield.
10 Years vs 2 Years bond spread is 51.4 bp. Normal Convexity in Long-Term vs Short-Term Maturities.
Central Bank Rate is 1.50% (last modification in June 2020).
The Morocco credit rating is BB+, according to Standard & Poor's agency.
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 | ||||
3 months | 1.556% | +3.6 bp | +15.5 bp | 28 Jun | |||||
6 months | 1.636% | +4.4 bp | +16.6 bp | 28 Jun | |||||
2 years | 1.875% | -0.9 bp | +23.5 bp | 96.35 | +0.01 % | -0.46 % | 28 Jun | ||
5 years | 2.260% | +17.3 bp | +35.6 bp | 89.43 | -0.84 % | -1.73 % | 28 Jun | ||
10 years | 2.389% | +2.2 bp | +19.5 bp | 78.97 | -0.21 % | -1.89 % | 28 Jun | ||
15 years | 2.649% | +7.9 bp | +18.6 bp | 67.56 | -1.14 % | -2.68 % | 28 Jun |
Last Update: 28 Jun 2022 8:15 GMT+0
Morocco 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 (1.50%) |
|||
---|---|---|---|---|---|---|
3 months | 2 years | 5 years | ||||
10 years | 2.389% | 88.9 bp | ||||
5 years | 2.260% | 76.0 bp | ||||
2 years | 1.875% | 37.5 bp | ||||
3 months | 1.556% | 5.6 bp |
Focusing on 2 years Government Bond:
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5Y vs 2Y | 38.5 bp | Normal Convexity in Mid-Term vs Short-Term Maturities | ||
10Y vs 2Y | 51.4 bp | Normal Convexity in Long-Term vs Short-Term Maturities |
Readings that may interest you
Morocco 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
Morocco Credit Ratings History
Rating Agency | Rating | Outlook |
---|---|---|
Standard & Poor's |
BB+
|
- |
Moody's Investors Service |
Ba1
|
negative |
Fitch Ratings |
BB+
|
- |
DBRS |
-
|
- |
Morocco 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 | 1.50% |
Morocco 10Y Bond Yield Spread
The Morocco 10Y Government Bond has a 2.389% 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
Morocco 10Y vs | Current Spread | Chg 1M | Chg 6M | ||
---|---|---|---|---|---|
Japan 10Y | 215.9 bp | +1.5 bp | +2.4 bp | Compare | |
Germany 10Y | 73.4 bp | -65.7 bp | -169.6 bp | Compare | |
France 10Y | 19.8 bp | -67.5 bp | -186.5 bp | Compare | |
United Kingdom 10Y | -9.8 bp | -54.1 bp | -136.9 bp | Compare | |
Spain 10Y | -35.3 bp | -63.2 bp | -203.7 bp | Compare | |
China 10Y | -46.8 bp | -8.5 bp | +15.8 bp | Compare | |
United States 10Y | -86.0 bp | -48.4 bp | -157.0 bp | Compare | |
Canada 10Y | -106.9 bp | -64.6 bp | -178.7 bp | Compare | |
Italy 10Y | -129.5 bp | -76.6 bp | -239.4 bp | Compare | |
Australia 10Y | -143.0 bp | -54.8 bp | -203.7 bp | Compare | |
India 10Y | -506.8 bp | -8.5 bp | -78.4 bp | Compare | |
Russia 10Y | -623.1 bp | +91.2 bp | -1.0 bp | Compare | |
Brazil 10Y | -1039.3 bp | -32.7 bp | -188.0 bp | Compare |
Morocco 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% | ||||
15 years | 2.649% | 67.56 | 79.81 | 104.30 | 128.79 | 153.29 | 177.78 | ||
10 years | 2.389% | 78.97 | 87.77 | 105.38 | 122.98 | 140.59 | 158.19 | ||
5 years | 2.260% | 89.43 | 94.11 | 103.46 | 112.82 | 122.17 | 131.53 | ||
2 years | 1.875% | 96.35 | 98.30 | 102.19 | 106.08 | 109.97 | 113.86 | ||
Maturity Date | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 |