COUNTRY •
MOROCCO
Last Update: 1 Oct 2023 2:15 GMT+0
The Morocco 10Y Government Bond has a 4.257% yield.
10 Years vs 2 Years bond spread is 75.6 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 | 3.179% | +3.8 bp | +6.4 bp | 29 Sep | |||||
6 months | 3.199% | +6.5 bp | -7.8 bp | 29 Sep | |||||
2 years | 3.501% | +0.1 bp | -30.5 bp | 93.35 | 0.00 % | +0.59 % | 29 Sep | ||
5 years | 3.846% | -0.6 bp | -36.8 bp | 82.80 | +0.02 % | +1.78 % | 29 Sep | ||
10 years | 4.257% | -0.4 bp | -44.4 bp | 65.91 | +0.05 % | +4.34 % | 29 Sep | ||
15 years | 4.666% | -2.2 bp | -40.6 bp | 50.46 | +0.32 % | +5.99 % | 29 Sep |
Last Update: 1 Oct 2023 2:15 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 | 4.257% | 125.7 bp | ||||
5 years | 3.846% | 84.6 bp | ||||
2 years | 3.501% | 50.1 bp | ||||
3 months | 3.179% | 17.9 bp |
Focusing on 2 years Government Bond:
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5Y vs 2Y | 34.5 bp | Normal Convexity in Mid-Term vs Short-Term Maturities | ||
10Y vs 2Y | 75.6 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 4.257% 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 | 350.8 bp | -13.2 bp | -86.4 bp | Compare | |
China 10Y | 155.1 bp | -8.7 bp | -27.6 bp | Compare | |
Germany 10Y | 140.3 bp | -31.8 bp | -101.5 bp | Compare | |
France 10Y | 84.1 bp | -34.4 bp | -107.6 bp | Compare | |
Spain 10Y | 30.4 bp | -39.3 bp | -110.2 bp | Compare | |
Canada 10Y | 18.8 bp | -48.0 bp | -159.6 bp | Compare | |
United Kingdom 10Y | -20.1 bp | -6.0 bp | -143.7 bp | Compare | |
Australia 10Y | -21.7 bp | -42.8 bp | -168.1 bp | Compare | |
United States 10Y | -32.2 bp | -40.2 bp | -155.0 bp | Compare | |
Italy 10Y | -52.0 bp | -55.0 bp | -114.4 bp | Compare | |
India 10Y | -295.3 bp | -3.9 bp | -33.9 bp | Compare | |
Brazil 10Y | -745.4 bp | -56.3 bp | +74.5 bp | Compare | |
Russia 10Y | -864.3 bp | -82.4 bp | -304.4 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 | 4.666% | 50.46 | 61.07 | 82.31 | 103.55 | 124.78 | 146.02 | ||
10 years | 4.257% | 65.91 | 73.92 | 89.93 | 105.95 | 121.97 | 137.98 | ||
5 years | 3.846% | 82.80 | 87.28 | 96.22 | 105.16 | 114.10 | 123.04 | ||
2 years | 3.501% | 93.35 | 95.25 | 99.05 | 102.85 | 106.65 | 110.45 | ||
Maturity Date | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 |