Last Update: 27 Jan 2020 17:15 GMT+0
The Nigeria 10Y Government Bond has a 11.112% yield.
10 Years vs 2 Years bond spread is 378.2 bp. Normal Convexity in Long-Term vs Short-Term Maturities.
Central Bank Rate is 13.50% (last modification in March 2019).
The Nigeria credit rating is B, according to Standard & Poor's agency.
| Yield Comparison | Spread | Curve Convexity | ||
|---|---|---|---|---|
| 2Y vs 1Y | 295.5 bp | Normal Convexity in Short-Term Maturities | ||
| 10Y vs 2Y | 378.2 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 | 13.50% |
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 | 12.201% | -162.7 bp | +92.0 bp | ||||||
| 6 months | 12.997% | -22.5 bp | +130.8 bp | ||||||
| 1 year | 4.375% | -91.0 bp | -815.0 bp | 95.81 | +0.87 % | +7.81 % | |||
| 2 years | 7.330% | -82.8 bp | -565.6 bp | 86.81 | +1.56 % | +10.83 % | |||
| 4 years | 9.175% | -78.3 bp | -383.4 bp | 70.39 | +2.89 % | +14.81 % | |||
| 7 years | 10.375% | -127.4 bp | -282.9 bp | 50.11 | +8.37 % | +19.39 % | |||
| 10 years | 11.112% | -31.3 bp | -248.0 bp | 34.87 | +2.86 % | +24.71 % | |||
| 20 years | 11.434% | -68.4 bp | -264.3 bp | 11.47 | +13.00 % | +59.75 % | |||
10Y Bond Yield Spread - Nigeria vs Main Countries
The Nigeria 10Y Government Bond has a 11.112% 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 | 1149.9 bp | -17.9 | -247.0 | ||
| France 10Y | 1123.9 bp | -13.8 | -247.4 | ||
| Japan 10Y | 1114.7 bp | -28.4 | -259.6 | ||
| Spain 10Y | 1083.4 bp | -19.0 | -238.5 | ||
| United Kingdom 10Y | 1060.6 bp | -6.5 | -229.7 | ||
| Australia 10Y | 1014.6 bp | +4.0 | -222.4 | ||
| Italy 10Y | 1007.5 bp | +0.8 | -194.8 | ||
| Canada 10Y | 979.5 bp | -2.7 | -233.1 | ||
| United States 10Y | 950.7 bp | -4.1 | -201.1 | ||
| China 10Y | 807.8 bp | -16.9 | -233.9 | ||
| Russia 10Y | 484.7 bp | -29.8 | -143.5 | ||
| India 10Y | 456.1 bp | -36.4 | -250.6 | ||
| Brazil 10Y | 440.5 bp | -15.7 | -195.7 |
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 | 11.434% | 11.47 | 19.21 | 34.70 | 50.18 | 65.67 | 81.15 | |
| 10 years | 11.112% | 34.87 | 40.73 | 52.45 | 64.17 | 75.90 | 87.62 | |
| 7 years | 10.375% | 50.11 | 54.92 | 64.53 | 74.15 | 83.77 | 93.39 | |
| 4 years | 9.175% | 70.39 | 73.62 | 80.07 | 86.53 | 92.98 | 99.44 | |
| 2 years | 7.330% | 86.81 | 88.61 | 92.21 | 95.81 | 99.41 | 103.01 | |
| 1 year | 4.375% | 95.81 | 96.77 | 98.68 | 100.60 | 102.51 | 104.43 | |
| Maturity Date | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | ||