Last Update: 24 Oct 2020 0:15 GMT+0
The Nigeria 10Y Government Bond has a 4.165% yield.
10 Years vs 2 Years bond spread is 113.4 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 | 236.8 bp | Normal Convexity in Short-Term Maturities | ||
| 10Y vs 2Y | 113.4 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 | 0.356% | -77.6 bp | -192.8 bp | ||||||
| 6 months | 0.264% | -180.9 bp | -254.2 bp | ||||||
| 1 year | 0.663% | -138.6 bp | -258.0 bp | 99.34 | +1.38 % | +2.56 % | |||
| 2 years | 3.031% | -80.9 bp | -334.0 bp | 94.20 | +1.57 % | +6.59 % | |||
| 4 years | 3.191% | -75.3 bp | -487.1 bp | 88.19 | +2.95 % | +20.26 % | |||
| 7 years | 3.327% | -344.4 bp | -827.4 bp | 79.52 | +25.78 % | +71.45 % | |||
| 10 years | 4.165% | -483.4 bp | -721.4 bp | 66.49 | +57.41 % | +95.33 % | |||
| 20 years | 5.038% | -371.2 bp | -666.2 bp | 37.42 | +100.32 % | +242.05 % | |||
10Y Bond Yield Spread - Nigeria vs Main Countries
The Nigeria 10Y Government Bond has a 4.165% 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 | 474.3 bp | -476.3 | -711.0 | ||
| France 10Y | 447.1 bp | -476.3 | -688.8 | ||
| Japan 10Y | 412.8 bp | -486.4 | -726.1 | ||
| Spain 10Y | 397.3 bp | -477.9 | -646.3 | ||
| United Kingdom 10Y | 389.6 bp | -489.4 | -719.2 | ||
| Canada 10Y | 352.3 bp | -492.0 | -727.5 | ||
| Italy 10Y | 340.8 bp | -471.2 | -615.1 | ||
| Australia 10Y | 332.9 bp | -482.2 | -714.9 | ||
| United States 10Y | 332.4 bp | -500.7 | -744.9 | ||
| China 10Y | 96.3 bp | -493.1 | -790.4 | ||
| India 10Y | -167.9 bp | -468.6 | -689.1 | ||
| Russia 10Y | -181.5 bp | -453.4 | -711.9 | ||
| Brazil 10Y | -338.2 bp | -511.8 | -751.7 |
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 | 5.038% | 37.42 | 49.84 | 74.68 | 99.53 | 124.37 | 149.22 | |
| 10 years | 4.165% | 66.49 | 74.54 | 90.63 | 106.72 | 122.81 | 138.90 | |
| 7 years | 3.327% | 79.52 | 85.68 | 97.99 | 110.30 | 122.60 | 134.91 | |
| 4 years | 3.191% | 88.19 | 91.89 | 99.29 | 106.69 | 114.09 | 121.49 | |
| 2 years | 3.031% | 94.20 | 96.12 | 99.94 | 103.77 | 107.59 | 111.42 | |
| 1 year | 0.663% | 99.34 | 100.33 | 102.32 | 104.31 | 106.30 | 108.28 | |
| Maturity Date | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | ||