Last Update: 9 Aug 2020 18:15 GMT+0
The Nigeria 10Y Government Bond has a 9.082% yield.
10 Years vs 2 Years bond spread is 619.8 bp. Normal Convexity in Long-Term vs Short-Term Maturities.
Central Bank Rate is 12.50% (last modification in May 2020).
The Nigeria credit rating is B-, according to Standard & Poor's agency.
| Yield Comparison | Spread | Curve Convexity | ||
|---|---|---|---|---|
| 2Y vs 1Y | -193.3 bp | Yield Curve is inverted in Short-Term Maturities | ||
| 10Y vs 2Y | 619.8 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
|
negative |
| DBRS |
-
|
- |
| Nigeria Credit Ratings History | ||
| Interest Rates | |
|---|---|
| Central Bank Rate | 12.50% |
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 | 1.375% | -36.0 bp | -209.9 bp | ||||||
| 6 months | 1.432% | -82.0 bp | -221.3 bp | ||||||
| 1 year | 4.817% | -109.4 bp | +42.7 bp | 95.40 | +1.04 % | -0.41 % | |||
| 2 years | 2.884% | -44.9 bp | -441.5 bp | 94.47 | +0.88 % | +8.76 % | |||
| 4 years | 4.527% | +1.4 bp | -462.3 bp | 83.77 | -0.05 % | +18.91 % | |||
| 7 years | 7.898% | -21.2 bp | -197.9 bp | 58.74 | +1.40 % | +13.57 % | |||
| 10 years | 9.082% | +6.0 bp | -174.1 bp | 41.92 | -0.57 % | +17.16 % | |||
| 20 years | 9.838% | -28.2 bp | -150.0 bp | 15.31 | +5.30 % | +31.19 % | |||
10Y Bond Yield Spread - Nigeria vs Main Countries
The Nigeria 10Y Government Bond has a 9.082% 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 | 958.8 bp | +9.9 | -162.3 | ||
| France 10Y | 929.3 bp | +12.9 | -166.7 | ||
| Japan 10Y | 907.4 bp | +6.9 | -177.4 | ||
| United Kingdom 10Y | 894.5 bp | +8.6 | -131.0 | ||
| Spain 10Y | 880.3 bp | +18.3 | -173.8 | ||
| Canada 10Y | 860.5 bp | +11.5 | -89.2 | ||
| United States 10Y | 851.6 bp | +10.8 | -72.5 | ||
| Australia 10Y | 822.9 bp | +7.9 | -158.8 | ||
| Italy 10Y | 809.4 bp | +35.7 | -179.1 | ||
| China 10Y | 607.5 bp | +23.2 | -188.9 | ||
| India 10Y | 319.6 bp | -5.4 | -118.8 | ||
| Russia 10Y | 314.7 bp | -10.5 | -151.1 | ||
| Brazil 10Y | 260.0 bp | -4.0 | -164.3 |
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 | 9.838% | 15.31 | 23.92 | 41.13 | 58.35 | 75.57 | 92.79 | |
| 10 years | 9.082% | 41.92 | 48.32 | 61.11 | 73.90 | 86.69 | 99.48 | |
| 7 years | 7.898% | 58.74 | 63.96 | 74.41 | 84.86 | 95.31 | 105.76 | |
| 4 years | 4.527% | 83.77 | 87.35 | 94.53 | 101.70 | 108.87 | 116.04 | |
| 2 years | 2.884% | 94.47 | 96.39 | 100.22 | 104.06 | 107.89 | 111.72 | |
| 1 year | 4.817% | 95.40 | 96.36 | 98.27 | 100.17 | 102.08 | 103.99 | |
| Maturity Date | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | ||