COUNTRY •
MOROCCO
Last Update: 22 Mar 2023 0:15 GMT+0
The Morocco 10Y Government Bond has a 4.678% yield.
10 Years vs 2 Years bond spread is 88.2 bp. Normal Convexity in Long-Term vs Short-Term Maturities.
Central Bank Rate is 3.00% (last modification in March 2023).
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 | 3.058% | -11.1 bp | +115.4 bp | 21 Mar | |||||
6 months | 3.253% | -8.8 bp | +130.1 bp | 21 Mar | |||||
2 years | 3.796% | -5.7 bp | +156.3 bp | 92.82 | +0.11 % | -2.99 % | 21 Mar | ||
5 years | 4.200% | +0.9 bp | +166.0 bp | 81.41 | -0.04 % | -7.71 % | 21 Mar | ||
10 years | 4.678% | -0.3 bp | +217.2 bp | 63.31 | +0.03 % | -18.91 % | 21 Mar | ||
15 years | 5.058% | +34.0 bp | +214.7 bp | 47.70 | -4.75 % | -26.64 % | 21 Mar |
Last Update: 22 Mar 2023 0:15 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 (3.00%) |
|||
---|---|---|---|---|---|---|
3 months | 2 years | 5 years | ||||
10 years | 4.678% | 167.8 bp | ||||
5 years | 4.200% | 120.0 bp | ||||
2 years | 3.796% | 79.6 bp | ||||
3 months | 3.058% | 5.8 bp |
Focusing on 2 years Government Bond:
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5Y vs 2Y | 40.4 bp | Normal Convexity in Mid-Term vs Short-Term Maturities | ||
10Y vs 2Y | 88.2 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
|
- |
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 | 3.00% |
Morocco 10Y Bond Yield Spread
The Morocco 10Y Government Bond has a 4.678% 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 | 438.9 bp | +20.8 bp | +212.4 bp | Compare | |
Germany 10Y | 238.8 bp | +23.3 bp | +185.4 bp | Compare | |
France 10Y | 185.8 bp | +18.0 bp | +188.0 bp | Compare | |
China 10Y | 179.8 bp | +5.5 bp | +197.0 bp | Compare | |
Canada 10Y | 176.7 bp | +48.7 bp | +238.9 bp | Compare | |
Spain 10Y | 133.4 bp | +24.4 bp | +196.6 bp | Compare | |
United Kingdom 10Y | 132.0 bp | +24.8 bp | +234.6 bp | Compare | |
Australia 10Y | 131.0 bp | +51.2 bp | +266.2 bp | Compare | |
United States 10Y | 109.5 bp | +33.0 bp | +229.9 bp | Compare | |
Italy 10Y | 56.3 bp | +35.6 bp | +221.7 bp | Compare | |
India 10Y | -267.6 bp | +7.2 bp | +213.0 bp | Compare | |
Russia 10Y | -648.2 bp | -18.3 bp | +147.2 bp | Compare | |
Brazil 10Y | -839.3 bp | +12.2 bp | +77.4 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 | 5.058% | 47.70 | 58.04 | 78.72 | 99.40 | 120.08 | 140.76 | ||
10 years | 4.678% | 63.31 | 71.15 | 86.84 | 102.53 | 118.21 | 133.90 | ||
5 years | 4.200% | 81.41 | 85.83 | 94.69 | 103.54 | 112.40 | 121.25 | ||
2 years | 3.796% | 92.82 | 94.71 | 98.49 | 102.28 | 106.06 | 109.84 | ||
Maturity Date | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 |