Last Update: 28 Jan 2021 7:15 GMT+0
The Nigeria 10Y Government Bond has a 8.549% yield.
10 Years vs 2 Years bond spread is 648.6 bp. Normal Convexity in Long-Term vs Short-Term Maturities.
Central Bank Rate is 11.50% (last modification in September 2020).
The Nigeria credit rating is B-, according to Standard & Poor's agency.
| Yield Comparison | Spread | Curve Convexity | ||
|---|---|---|---|---|
| 2Y vs 1Y | 113.4 bp | Normal Convexity in Short-Term Maturities | ||
| 10Y vs 2Y | 648.6 bp | Normal Convexity in Long-Term vs Short-Term Maturities | ||
| Rating Agency | Rating | Outlook |
|---|---|---|
| Standard & Poor's |
B-
|
- |
| Moody's Investors Service |
B2
|
negative |
| Fitch Ratings |
B
|
- |
| DBRS |
-
|
- |
| Nigeria Credit Ratings History | ||
| Interest Rates | |
|---|---|
| Central Bank Rate | 11.50% |
Nigeria Government Bonds
List of available Government Bonds. Click on the "Residual Maturity" link to get historical serie. Click on the Forecast link
, to see preditions of bond yield.
Price refers to a hypothetical zero coupon bond, with a face value 100.
| Residual Maturity |
Yield | ZC Price | Fx | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Last | Chg 1M | Chg 6M | Last | Chg 1M | Chg 6M | ||||
| 3 months | 0.355% | +2.0 bp | -93.9 bp | ||||||
| 6 months | 0.621% | +24.6 bp | -101.8 bp | ||||||
| 1 year | 0.929% | +32.8 bp | -432.9 bp | 99.08 | -0.32 % | +4.29 % | |||
| 2 years | 2.063% | -33.2 bp | -137.4 bp | 96.00 | +0.65 % | +2.72 % | |||
| 4 years | 6.259% | +195.1 bp | +179.0 bp | 78.44 | -7.15 % | -6.57 % | |||
| 7 years | 7.945% | +237.8 bp | +120.1 bp | 58.56 | -14.44 % | -7.53 % | |||
| 10 years | 8.549% | +197.5 bp | +82.2 bp | 44.03 | -16.77 % | -7.32 % | |||
| 20 years | 9.014% | +159.9 bp | -12.8 bp | 17.80 | -25.59 % | +2.42 % | |||
10Y Bond Yield Spread - Nigeria vs Main Countries
The Nigeria 10Y Government Bond has a 8.549% yield. Click on Spread value for the historical serie.
A positive spread (marked by a red circle) means that the 10Y Bond Yield is higher than the corresponding foreign bond.
Clicking on the "Full Country Comparison" link, you can perform a full check of available data and see the differences between the countries.
| Nigeria 10Y vs | Current Spread | Chg 1M | Chg 6M | Country Full Comparison |
|
|---|---|---|---|---|---|
| Germany 10Y | 910.1 bp | +195.5 | +85.8 | ||
| France 10Y | 886.4 bp | +194.9 | +93.9 | ||
| Japan 10Y | 851.1 bp | +195.2 | +80.4 | ||
| Spain 10Y | 847.9 bp | +194.0 | +110.3 | ||
| United Kingdom 10Y | 828.3 bp | +196.2 | +66.4 | ||
| Italy 10Y | 790.4 bp | +183.5 | +124.4 | ||
| Canada 10Y | 775.6 bp | +190.2 | +50.4 | ||
| United States 10Y | 755.1 bp | +190.0 | +40.3 | ||
| Australia 10Y | 751.1 bp | +191.3 | +66.3 | ||
| China 10Y | 535.0 bp | +200.5 | +55.9 | ||
| India 10Y | 260.5 bp | +195.6 | +72.8 | ||
| Russia 10Y | 231.4 bp | +168.0 | +43.7 | ||
| Brazil 10Y | 86.4 bp | +137.4 | -36.6 |
Nigeria Government Bonds Prices
Price Simulation: bonds with a face value of 100, with different coupon rates. The overall yield is the current market yield. The highlighted column refers to the zero coupon bond.
| Residual Maturity |
Yield | Bond Price - with different Coupon Rates | ||||||
|---|---|---|---|---|---|---|---|---|
| 0% | 1% | 3% | 5% | 7% | 9% | |||
| 20 years | 9.014% | 17.80 | 26.92 | 45.16 | 63.39 | 81.63 | 99.87 | |
| 10 years | 8.549% | 44.03 | 50.58 | 63.67 | 76.76 | 89.86 | 102.95 | |
| 7 years | 7.945% | 58.56 | 63.77 | 74.21 | 84.64 | 95.07 | 105.50 | |
| 4 years | 6.259% | 78.44 | 81.88 | 88.77 | 95.66 | 102.55 | 109.44 | |
| 2 years | 2.063% | 96.00 | 97.94 | 101.82 | 105.70 | 109.58 | 113.46 | |
| 1 year | 0.929% | 99.08 | 100.07 | 102.05 | 104.03 | 106.02 | 108.00 | |
| Maturity Date | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | ||